I am anticipating a trend-following short trade at the current daily resistance level. If we look at the 1-hour chart, a head and shoulders pattern has formed, and its neckline has broken below. Now, it is undergoing a retest.
Entry 1.2674
Stop loss 1.2715
Targets 1.2610
Entry 1.2674
Stop loss 1.2715
Targets 1.2610