This trade is now for more than a week on my radar. I got short yesterday at 0.7200 even handle. Since then we saw more buying pressure but never closed above X (white horizontal ray). Moreover we formed a double top during the asia session with nice bearish divergence on the RSI .
It therefore offers a better risk/reward.
Check out my related post for more information about this setup.
Target 1 hit at 0.7152; Rolled stops to breakeven for second half of position.