The price, as expected, began to bounce off the upper generatrix of the supposed large initial diagonal triangle. This decrease is due to the development of the final wave (v) of the model. Therefore, a further decline in the pair potentially looks very promising from the point of view of making sell deals.

Consequently, it is recommended to look closer at the possibility of entering sell deals at current market prices, while the protective stop loss should be set at the recently formed local price maximum.

Investment idea: sell 1.2070, stop loss 1.2100, take profit 1.1900.