This pair has reached 50% retracement zone. Though we have a newborn uptrend but at this point I think we need a little pullback for a long run. RR 1:2.5 still not bad to give it a try. Daily movement already bounced back from KUMO resistance, so I expect price to come back to near previous peak. Gotta wait it there. After all we have an inside bar setup right at the old peak. Have fun
Komen:
However, this is a weekly analysis, so we should be becareful at entering short