Update Price should test now previous resistence at 1.129.. Very nice price action here. Moved stop loss 1.135 area
At this level 0,618 Fib retracement prices should slow down. Some profit taking from position traders and day traders. Also RSI oversold at a support level. Prices should rebound at this level. Depending on price action it could be a nice spot ( orange area) to reinforce short position.
Target for this trade will be around 1.12 so just need some monitoring
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Move SL to 1.133 area Might be possible that we can see a big reversal in this pair so just in case moved SL and open limit sell order on Dax at 10520 Creating some hedge for this position