Encountering resistance at 1260 , with strong rejection of higher price ( daily pin bar), and may need a minor swing down, before next swing moves beyond 1270.
Entry for short at 1262 ( 1/2 distance of pin bar) at resistance zone.
Stop 1272 ( beyond pin bar) .
Target around 1232 ( .50 retracement and daily supporting trendline)
Risk/Reward = 4
Entry for short at 1262 ( 1/2 distance of pin bar) at resistance zone.
Stop 1272 ( beyond pin bar) .
Target around 1232 ( .50 retracement and daily supporting trendline)
Risk/Reward = 4