Monthly chart

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The four-hour chart also supports the decline, which is proven by the presence of an order block with high momentum. What also confirms this area is the Inducement that precedes the order block, so the price may decline from the current level.

Points of interest (POI)

Sell from: 1.3565 (current price)

TP 1: 1.3506 (targeting the first imbalance)

TP 2: 1.3440 (targeting the first structure) or you can target daily ob at 1.32652 (will be a long-term trade)

Stop loss: 1.36190 (above the previous high)