The situation is fully developing as expected. Growth, as intended, did not receive further development. Thus it is confirming the assumption of the corrective nature of this movement. Now the price is at local minimums, hence it is a possibility of growth within the framework of the same correction, or a sharp decline, during which the next waves of the incipient impulse as a part of the correction, will be formed.

An option with a decline in the form of an impulse looks more likely, therefore it is recommended to look closely at the possibility of opening sell trades.

In this case, the trading parameters may look as follows: sell 1.2125, stop loss 1.2155, take profit 1.1950.