On top of that, the 1W pattern is a Triangle and that typically breaks to the opposite direction of the dominant trend (which in this case is long term, so break out is expected).
Traders who wish to follow a safer approach may wait until the long term Lower High (dashed line) breaks and then enter their buys. In any case our Target Zone is the wide Symmetrical of 0.73000 - 0.75600.
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