Open – 1.26963

TP1 – 1.27956
TP2 – 1.29969
TP3 – 1.31428

SL – 1.26004

Take note that this is a bearish down trend as confirmed by the Double EMA 200.

A sell signal has been indicated by the Money Flow Index but the RSI is in a consolidation position. A bullish engulfing candle will confirm a buy which will hit resistance at 1.27960 near the 1st TP.

If resistance is broken at this level, continuation is expected to hit the 1st take profit at 1.27956 and continue to resistance at 1.28046

Please note that my setups are not signals to trade but my own personal analysis and predicted direction. To enter a trade it must be validated by multiple different indicators and confluence factors.