Quick update on the progression of this idea from last week as expected early last week we got the sell off at the strong WEEKLY resistance area with price currently trekking towards the breakout area at 0.925 which is also a weekly DEMAND/BUY area.
The current sell position is up around 100 pips I have closed 50% of the position and moved stop loss to 0.938 will hold remaining position to see if we get to the 0.925 expected level.
At this point I will then look to buy this pair please refer to related post to understand the reasoning behind this setup