We have a 123 pattern on the smaller timeframes of the pair. The third move of the pattern displayed some unanticipated strength which throws a bit of doubt on the conviction of this idea. For this purpose, I've set the entry a few pips below the price it closed on Friday to actually get the price to compromise on the move down by going through one of the previous wave-up supports.
Manage your risk, the scenario offers a minimum 2 to 1 payout to the next low. Happy Trading :)
Manage your risk, the scenario offers a minimum 2 to 1 payout to the next low. Happy Trading :)