Here we have a potential short trade based on SIMPLE PRICE ACTION with great risk to reward. Based on 4 HR , Daily, and Weekly, market has broken and closed below the previous (HL), which is an early signal of trend change for this pair, at least for the short term. Currently market is coming close the 4 hour potential reversal zone (PRZ) from where we can expect market to reverse back to the downside and possibly break the newly formed LL @ 132.23. We are able hide our stop loss above the key psychological level of 136.00. We also getting a valid ABCD pattern completing right at our 1st target. See the chart above for more details.
Please feel free to AGREE or DISAGREE with this idea by leaving a comment below. Hit that thumbs up button (top left corner of this chart) if you like the idea. Thank you everyone for all the SUPPORT that you have given me so far, I truly appreciate it. Good luck everyone :)