Weekly resistance zone. Price closed above 50.0% of the weekly chart. So very much possible to go at 61.8%. Daily candle and the weekly candle is a pure buy candle and show great momentum. H4 and H1 chart is already overbought but not daily. I think this pair make small retrace then start a rally again. So short position is not safe at all. Waiting for reaching weekly zone and observing price action and taking short position give good result.
Commento:
Short Entry taken @ 1.2290 with 50 pips SL.
Commento:
1st tp target 2210
Commento:
1st target hit.