Hourly Forex Trading Strategy #GBP - What happens on 2nd 1.66 Test?

Two key formations on the chart are the extended fifth wave to 1.6600 and the erratic decline to test but hold the 1.6425 break-out. As this holds expect at least a test of 1.66 as a failed fifth wave. A clear upside break of this level sustains the trend to 1.6680 and possibly 1.6865. Any breach of 1.6425 would argue and confirm downside reversal. (Ref:

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