Daily setup for, short term bearish momentum . After the Profit Target reached, it is up to individual trade management technique to take profit or ratcheted it. Not a fan of diagonals but respect them to some degree.
1ST ENTRY- 5.6020
STOP - 5.5549
Optional PT: 5.6495
Ahead of CB meeting in 2 days, market is already priced some easing from the Bank. Consensus is about 300 basis points. This won`t shake the market, more easing will send the pair down, i will buy into the weakness.