Price currently playing at the 130.00 psychological number. Daily price closing below 1.30 will trigger a short/sell trade position and stops just at 130.60 (60 pips above the 130 psych number) just above previous day high price. Or could possible look for a setup to short/sell probably on the lower TF (Top down analysis) TP 1 with almost 1:3 RRR
on the B point of a potential bullish Cypher
pattern, while TP 2 with 1:5.5 RRR
on the Bullish Cypher
pattern completion together with an opportunity to buy/long depending on future market/price action. We will try to keep updated on this one. Trade at your own risk and trade with care.