Now getting at possible support from trendline (subjective...) and 1.27 ext.
Correction expected in this region, getting oversold, could extend to 1.41 or 1.618.
Daily bearish bat TP1, which I traded, could be next stop...:https://www.tradingview.com/x/3cvFbN3z/
The only thing anyone can ever do is try and interpret what is going on and find setups for what one believes is most likely to happen and which have decent R/R so that one grows his account in time.
Anyway, I'm short from almost the top, I already added a short along the way and I'm trying to add once again to the position until I reach my first target. If it reverses here and hits my SL I will have still made profit from the previous entries...
On the last update: If you wait for confirmation of this possible breakout you can slightly improve the odds, rather than entering gight away which I did.