1. It has finished its corrective structure
2. It retraced to Fib level 61.8%
T/P at 116.096 - Fib level 127%
S/L at 118.056 - Just above Fib level 61.8%
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NOTE : This is just my viewpoint of the chart please do not take it as advice to sell/buy as I may be wrong. Trade carefully, good luck!
Corrective structure extended, put a sell stop order just below structure at 117.261 to make sure I catch the breakout
T/P at 116.093 - Fib level 127%
S/L at 118.042 - Just above Fib level 61.8%