Overall trend in D1 and H1 are both still down with price holding below MA200.
Currently, the last swing is overall up with price bouncing back up to 110.663-110.877 and rejected down, but still hold above nearest up .
Trade Plan 1:
If price bounce back to this area and rejected down again (even better if it confirmed with false-break out of previous high), short the market.
With Stop Loss 30 pips and Target Profit 60 pips, the potential trade offers 2.00 Risk-To-Reward Ratio.
As an alternative, the next Target Profit would be 90 pips (next swing low), adjust the offers to 3.00 Risk-To-Reward Ratio.
Trade Plan 2:
If price breaks down below the 110.123-110.369 and , short the market.
With Stop Loss 34 pips and Target Profit 80 pips, the potential trade offers 2.35 Risk-To-Reward Ratio.