We're very very close to the key area, 0.7220. It is useful to look at long term charts to make short term decisions. I think we are in a very strong resistance price level. 0.8450-0.8950 seems to be a better option in long term.
Shark and ABCD. Trade is active 0.7280. Now we've seen a small validation bounce.
Price is between %50 0.7329 %61.8 0.7210 retracement areas.
This can be a potential long term reversal or just a bounce.
I think we'll see a 4 week correction before going long. I feel we have +1000 pips of short opportunity.
I'll have short scalping positions till we see 1174.
If we come to 1174 area then my base plan will turn to the long side.
If prices rise above 1310-20 area I'll revise this plan.