Looking at a short on this pair back down into the 1.2525 area before maybe another push back upwards! Price now in a key structure level (weekly/daily) with two fib extensions and one fib inversion lining up! RSI
is overbought and a double top
with divergence (4 hour) may signal exhaustion? Also have harmonic
legs for good measure!
Risk reward could be anything from a 1:1 up to a 2:1 depending on your requirements.
Looking forward to seeing how this one plays out and as always any comments and or constructive critisism is welcome!