Wait for a pullback to 1.2560 to short to 1.2360. Over 80% of retail trades are long so this is a contrarian signal against retail crowd.
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Stop limit can be now moved to break even and we can let the position run down to 1.2360-1.2380 mark
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Target 1.2360-1.2380 almost reached. I will close the position before CPI number is publish tomorrow morning. Stop limit can be moved to 1.2515