Looking to enter a short term long position after rejection of (new) daily trend line, aiming for 60 pips R:R - 3. Hoping for a double top for confirmation to enter a longer term short entry, purple highlighted area is resistance area, a rejection of this area and daily close below 109.000 will confirm my entry. R : R - 7, aiming to retest 107.00 area.
Very strong bullish move on this pair last week and resistance has been met. I believe this pair has run out of steam and a correction is needed hence my personal bias on this pair is short to the shown level for the time being.