Entering short @ 1.13565, monitoring the price at 1.12955 and 1.12790 TP levels.
Setup 2 ( might not occur if the downtrend to resume )
Entering long between 1.12955 and 1.12790. TP1 @ 1.14161 (.618) fib level, or 1.14587 (.786) fib level.
ABCD completion is expected. The price might drop from here, but if we are to encounter a pullback this trading plan is applicable. Watch the supply zone as the sell off may occur earlier, before we reach the sell zone. .618 level is an ideal place to short, but the structure suggests we might reach 78.6
Inside bar is broken at the bottom, we are expecting the price to slide further down to at least 1.15337
We still need to watch level 1.16051. If this level is broken the price will go up.
For a short entry, you can sell now
SL: above 1.16106
Expecting the price to encounter a lot of selling preassure. If we break the resistance we can wait for a pull back before we but. Until this happens we should short at the top of the resistance level.