Looking at an overall sell to 1.51859 long term. Directional bias bearish . Price currently in downward push on daily. Waiting for a retracement for sell entry. Anticipating retracement to 1.62088, looking at this area for potential sell entry. Will take partial profit at 23.6% at 1.59931 for 301.1 PIPS if price breaks down past major support at 1.60284.
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Down push looks to have stopped on lower timeframe. Tis moves my sell limit entry to 1.61740.