Interesting area to jump in
In my opinion we have another chance to open longs at 1.07 but I would be extremely careful this time as the current movement may send prices below the previous low (red trendline).
I think 1.066 it is the next target for bears after trading slightly off the ascending channel.
My positions were closed in profit long ago and now I'm just monitoring the next steps. For those trading in different stakes I would suggest 1/3 at 1.07, 1/3 at 1.066 and the last one at 1/3 at 1.06012
Alternatively you can use 1/4 on each level and the final one at 1.05. It all depends on the way you like to trade.
Here's the weekly chart for your consideration.
I think 1.066 it is the next target for bears after trading slightly off the ascending channel.
My positions were closed in profit long ago and now I'm just monitoring the next steps. For those trading in different stakes I would suggest 1/3 at 1.07, 1/3 at 1.066 and the last one at 1/3 at 1.06012
Alternatively you can use 1/4 on each level and the final one at 1.05. It all depends on the way you like to trade.
Here's the weekly chart for your consideration.
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