We expecting prices to retrace to point 122.477, which will probably retest our support and likely that of our slant support( green trend-line ). After that look out for a bullish engulfing
candle or a significant pin bar
WHAT WILL MAKE THIS TRADE INVALID?
If prices reaches that support and fail to see buyers there, then it becomes invalid. we won't be looking to go long... we then reanalyze to go short.
LESSON: Be humble, if your wrong.