D1, H4, and H1 are all confirming the overall down trend with price is below MA200.
Currently, price is moving sideways at the bottom for the last 20 hours.
If price bounce back to previous support area turns to resistance 1.27040-1.27220 and rejected down, short the market.
With Stop Loss 25 pips and Target Profit 62 pips, the potential trade offers 2.48 Risk-To-Reward Ratio.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.