MMs need their money back targets are the 38.2 and 61.8 which is 1225 and 1220 also key pysch levels. Daily has alot of exhaustion around that key 1237.50 level and i believe mm are collecting orders up there before the down fall. This could fall for some time but take profits at key levels and then reenter later this week i see more movement to the downside.
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EXITED TRADE +10 pips didn't feel confident enough in it plus dxy is giving confirmations to the downside, will look for better entries if it sets up later