I am anticipating the the break of former high at 121.11. On H1 it is still an anti cyclic set up (lower highs in blue trend channel). Risk is calculated hence I do not care about the falling knife theory.
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M5 looks good so far
getting even more beautiful.
Now I feel safe. A Risk free trade is enabled due to the shift of SL.
Let´s see how far this pair goes. I will keep you updated :-)