Await the ratracement to the fibonacci at 38.2% marked on the chart and take a risk free trade SHORT from 1.2050 - that is is if all indicators are bearish on the 4H chart
Commento:
The price will drop conceivably 250 to 300 pips after being rejected at 1.2050 zone
Trade attivo:
The retracement to 1.2050 had occured as expected with the pair ready to drop. . TP 1st target at last swing low