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EURUSD is touching our entry area around the most recent high - the blue rectangle. Breaching this level would invalidate our sell signal scenario and would suggest a fast move tot the upside. Expecting worse case scenario, our SL level should be placed just above this area. Also considering this level holds, the move to the down side should be significant so I adjusted the TP with an additional 100 PIPS. Same scenario and logic applies for GBPUSD.
