1) Weekly Closed below 0.70 (Round Number Key Level)
2) Price sitting at 0.69569
3) Market will test the around number key level at 0.70
4) I am short at 0.70
5) SL at 0.713 (130 Pips) a fake break usually between 50 to 100 Pips
6) TP at 0.67 (300 Pips)
Worse case - If market tries to go up - Break below 0.70 is a fake breakout
2) Price sitting at 0.69569
3) Market will test the around number key level at 0.70
4) I am short at 0.70
5) SL at 0.713 (130 Pips) a fake break usually between 50 to 100 Pips
6) TP at 0.67 (300 Pips)
Worse case - If market tries to go up - Break below 0.70 is a fake breakout