The pair has been making a bigger timeframe correction lately. It hit our zone and dat fibo 50% and turned around sharply.
Watch for the trendline to get broken by a 4h candle and then wait for a smaller correction(flag) which will be our indicator of a downtrend continuation. After the correction is established you can short the pair all down to 1.73300 or eaven down to 1.71000(it's about 400 pips of reward).
Watch for the trendline to get broken by a 4h candle and then wait for a smaller correction(flag) which will be our indicator of a downtrend continuation. After the correction is established you can short the pair all down to 1.73300 or eaven down to 1.71000(it's about 400 pips of reward).