Structure based trade:
1) Wait for price to reach resistance level (green dashed line), which is in confluence with the 38.2 retracement from last major swing down.
2) From there, we can go short with stops just a few pips above last structure high (marked as LH) and target around the 127.2 extension and support level around 101.212
Take into account that the bigger picture bias (daily chart) is bearish, so we would be with the underlying trend.
Good luck!!
1) Wait for price to reach resistance level (green dashed line), which is in confluence with the 38.2 retracement from last major swing down.
2) From there, we can go short with stops just a few pips above last structure high (marked as LH) and target around the 127.2 extension and support level around 101.212
Take into account that the bigger picture bias (daily chart) is bearish, so we would be with the underlying trend.
Good luck!!