I see multiple bearish waves forming in the various time frames. The easiest and smallest one is for 100-150 pips and can take the pair back to 103.25-103.15 levels. The next wave upon breach of 103 level can take us down to 102.75 and below that we may see 101.35 again
Trade active
⋅
The IDEA is still PENDING entry with minor modifications.
The Entry point never got activated as we were supposed to sell around 103.95 - I am modifying the SELL order this time to sell around 104.20 with STOP sitting at 105 - TARGET 103.6-103.2-102.8
Trade closed: target reached
⋅
The trigger to sell was changed upon break of the support line and target remained the same around 103.5... currently trading at 103.25 so closing the trade