Short and simple. After a tremendous rally we have spotted another shooting star which signals for potential reversal. I'm shorting from here with a potential first tp 50 pips and managed afterwards depending on the trend.
Trade safe and enjoy.
Tp1 reached without much fuss. Now moved my sl to break even and enjoy the remaining pips.
The next key level target is at 1.3128 which is the 0.382 fib level. If broken then tp2 is at 1.3065 which is 0.5 fib level, from where I will be looking at opportunities to go long.
Trade closed: target reached:
2ND TP done. Now it should retrace back towards 1.3152 and should come down to tp3 from where ~I will be buying.