Potential for a short position

Weekly Chart:
A bearish candle as a confirmation candle.
Daily Chart:
Daily closed below key level 1.281 (The lowest point of the past 4 weeks)
Watch out:
1. Weekly demand zone @ 1.2453-1.258
2. Long term up-trend line from Sep 2012
Action
I am going to wait for price action to sell in short term.

Trade attivo:

Sell order has been activated @ 1.281

Commento:

Moved SL to protect profit.

Commento:

Handsome profit but watch out for weekly demand zone

Trade chiuso: obiettivo raggiunto:

I closed my order with handsome profit. Let's wait and see reaction at Weekly demand zone @ 1.2453-1.258 before deciding the next move.