An idea might be to wait for traders to get onboard the obvious head and shoulders forming here and watch if price drops lower with some momentum into areas where obvious stops are placed, and get into a short on a retracement into structures above toward the 1.31 mark.
Ofcourse I could be completely wrong and miss the aggressive entry on the head and shoulders, but if the orange zone is broken, we can then look for retracements into it (head and shoulders neckline) for longs to upside toward 1.33 instead.
Overall more incline to downside as we are stair stepping our way there
Ofcourse I could be completely wrong and miss the aggressive entry on the head and shoulders, but if the orange zone is broken, we can then look for retracements into it (head and shoulders neckline) for longs to upside toward 1.33 instead.
Overall more incline to downside as we are stair stepping our way there