Enter a short position at 1.4180 or higher, cover at 1.1090.
You can trade the consolidation area highlighted by the yellow triangle, from 1.26-1.38 with very tight stops, as once the consolidation is broken, 1.090 is your next stop.
Only high trades, min. 1k shares.
(ps. If price fails to break fibo/consolidation/support at 1.3050 (unlikely), cover, take profits preemptively and wait for re-entry, price target remains unchanged.)
Price target reached beautifully, closing half my position here and taking profits.
Price bounced off 1.0534 fibo, watch for support/resistance at 1.2263 and 1.2195.