weak day-end closing at 1603, causes bearish demands 1550-1570 region
weekly is Bullish ,BED( best entry decision) is 1631,
initial target is 1641, secondary ( 74% ) is 1654 up...
but intraday is bearish will touch 1560
we can open a short position (9 pips), at 1574 , initial target 1565 , then waiting for retracement.
your balance should tolerate approx 48 hours to 5 weeks, stop loss is an experimental factor ranging from 38 to 52 pips or it could be placed at secondary target. Our profitable targets are averagely 30 pip , stop loss , third targets are comparative and experimental ,no two traders are the same, Forex is hypothetical, this information is for educational purpose , you must not use this info on live trading accounts