Potential short set up!

Idea based on short bias.

1. I want to see price move higher run stop and intermediate highs (Red x) into the green box for sell.

2. I will allow price to move up to DEQ level. If price breaks and closes above the DEQ level, short setup no longer valid.

Trade active:

Swing trading : Bias still short

Day trading: Counter long

I will reverse my bias short term:
Buy limit: 1.15756
stop loss: 1.15946
Target: 1.16480

Comment:

If I'm correct , Risk/Reward - 1:4

Trade closed: target reached:

Swing trade:
Short: 1.16204
Stop Loss: 1.16654
Target 1: 1.15104
Target 2: 1.14500
Risk/reward: 1:4
Profit: 168 pips

Counter trend trade
Long: 1.15756
Stop Loss: 1.15946
Target: 1.16480
Risk/Reward: 1:4
Loss: 17.3 pips