This setup would present several scenarios depending on how price action pushes to the downside - the first one, if price holds around 124.400/500 area which is in line with fib level 23.60%, it would provide a nice buy signal of 56 pips SL and profit target of 284 pips (RRR 1:8). Secondly, if price comes back to 123.100/200 area which perfectly sits on fib level 38.20% - I would expect to enter a swing buy opportunity with 59 pips SL and 423 pips profit (RRR 1:5).
It is also possible that price does not come back to any of those levels and continue its rally depending how it stays above the purple trendline..
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