The downtrend on the hourly chart is still there. While that's the case, then we should be looking for short opportunities only.
The first reversal signal will be if we see a breakout of previous high and that's why we place our stops there when we are entering short positions.
The opportunities that we currently have:
-sell from 1,1789-90 with stops above 1,1880 expecting the 1,1700 level -sell after break and retest of the 1,1750 level. In this case we could place stops above the retest. Targets- again around 1,1700
Make sure to not exceed your risk as we have an important week for the dollar!
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