Despite a current short term rally in the price intraday, the market has a good setup to go short.
If the price can trade through the recent low on the inverse hammer of yesterday's session, this would be confirmation of the short trade setup.
Go short if the price trades through 1.13090, then place a stop loss at 1.13860 and a profit target at 1.11870.
If the price can trade through the recent low on the inverse hammer of yesterday's session, this would be confirmation of the short trade setup.
Go short if the price trades through 1.13090, then place a stop loss at 1.13860 and a profit target at 1.11870.