SL: Just below the price that is marked with the circle
Short entry: if the 129.469 level is broken. With tight stop loss!
Better entry is at 132.000
SL will be just above the entry price between 50 and 100 pips SL
The pair are still in a wave sequence, and wave ((v)) haven’t been hit. And it looks like we are in a retracement wave of A,B,C before further upside.
We also have a and can be a part of the confirmation for the upside, until wave ((v))
if 127.479 breaks, we could se the price slide further to 123.480, which is the next support in price. And also 0.618 on Fibonacci drawn from wave (( iii )) to ((ii))
and the support of the trend channel
The previously uploaded chart with, are still in count.
This week will also contribute with middle importance economical numbers.