Short Idea

A week ago pair closed below short-term trend line support and last weekly was rejected from 20 week EMA and form a bearish pin bar and closed below trend line support. Pair is now targeting to 105.50 zone, which is a horizontal and 61.8 Fib support level from 2016 June to 2016 December rally. If this idea works, we will have a potential 2.5R trade.
"Trading is a game of probabilities, not certainties"