This pair has broken out of an ascending channel. Grey box is the key level where price will probably retest the broken structure. Confirm rejection to short
Always apply money manaagement
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Trade active
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SL 0.86816
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Updating this at real time
Entry and SL shown on the chart.
PLAN A: Shorted at retracement (placed a sell limit order), and it spiked up. Strategically placed my SL if this doesn't work.
PLAN B: Would be to short at the Monthly Resistance - Psychological Rd No (where it would also touch the upper ascending trendline.
A more conservative approach is to short below the black dotted line