As you can see price bounced off the 50% fib line which was also previous S/R asea and near the round number...was a decent probaility that this was going to happen so worth a counter trend trade in my opinion (50pip SL).
I would be looking to short above 1.4300, but will be watching above 1.4250 - there is previous bars lows in that area which may act as resistance.
But overal, I'll be looking to build up some shorts upon a retracement back up to the broken TL, alternatively if the price just breaks the 1.4000 I'll be having a short entry upon the break and then adding to it if it comes back and retests (and confirms) the 1.4000 area as support turned resistance (classicbreakout trading strategy).
I would be looking to short above 1.4300, but will be watching above 1.4250 - there is previous bars lows in that area which may act as resistance.
But overal, I'll be looking to build up some shorts upon a retracement back up to the broken TL, alternatively if the price just breaks the 1.4000 I'll be having a short entry upon the break and then adding to it if it comes back and retests (and confirms) the 1.4000 area as support turned resistance (classicbreakout trading strategy).