We saw this pair break bearish yesterday and break the trend line i have plotted. You can see price broke below that and retraced at support. Price is currently at 50% of that bearish breakout. We MAY see price break lower as divergence is also evident. Having said that, we may see price retest that trend line before a potential bearish move. If price re tests the trend line and moves bearish, our take profit will be adjusted accordingly.
Entry - grey price level Stop loss - red price level Take profit - green price level Risk management - 1% risked on trade Risk to reward 1:2