It's an odd pattern. All of a sudden, it broke out the up trend line and hanging there for a while. Usually it happens as a sign of a big change coming soon. Currently it's breaking out the flag area up and down. Short with SL over the 1.24400.
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It's coming closer to the major 4h trend line. Here is the scenario for both bull and bear.
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Ready for the second breakout. Almost time to see the decision of the market.