Good Morning,
For this pair it seems price might be bouncing off the descending trend line and if we get confirmation of this I will go short, however if price breaks above this descending trendline then I will wait for a retest before potentially entering long.
- Both TP's are shown at the two next key support levels
- I expect price to either bounce off the first support level or break through and retest the first support level turning it into a resistance level
This is a very simple setup trying to move with the market, let me know what you think!
Good Luck!