As we can see there is a rising wedge pattern at H1, the price likely to proceed for a short term uptrend till 131.00 first before the seller pressure comes in.
Look for sell opportunity zone A level with a tight SL till next TP target of 130.60 (short term setup)
If the selling pressure persist and breakout of the zone B, look for further sell opportunity with sell stop at 130.40 till next TP target of 129.60 (swing setup)
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority
Look for sell opportunity zone A level with a tight SL till next TP target of 130.60 (short term setup)
If the selling pressure persist and breakout of the zone B, look for further sell opportunity with sell stop at 130.40 till next TP target of 129.60 (swing setup)
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority