This was formed from a breakout of the previous UP trend channel and already bounced off of the weekly S1 pivot line to retest the bottom of the previous trend channel. This forms the top and bottom of the next down trend.
An early TP opportunity would be at the S1 level when it touches again incase of another bounce.
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Missed this big move due to all my monies locked up in GBP pairs. This move reached the early TP at the S1 level ~ 0.7222