This is a trade Idea that I really like because we can see there was a strong up trend and now the pair is exhausted to the upside. When this happens I put my confirmations together and look for an entry with harmonic patterns and other styles of trading that I like to apply. This is a 40 pip trade if anyone takes this use a small lot size I don't condone over leveraging at all for what ever reason, but feel free to take my idea.
Comment:
Forgot to mention It but I like to use the RSI with harmonic patterns to spot divergence and find a good entry zone.
I try to provide as much value as I can per trade idea