DislikedWell this is my thinking.
The trend is UP.
I assume you are short following the swing high pin bar.
The last time price go up to this level it retreated to 0.6600.
Now that would be some profit!
My trend line is not sitting perfectly on the up trend but in the previous retracements it does get down to the trend line.
In the previous uptrend price broke the trend line and went down quite hard.
There then appears to have been a gap up.
The gap was closed as would be expected and then price hammered on down.
The key to suspecting the down move was...Ignored
I'm thinking cash in for now or wait for 7150, then cash in and wait for the next pull back.
You could see what happens today/monday on the pullback to 7240 before deciding.
When both trends line up (as well as PA) i.e. Weekly down trend and Daily becomes a down trend once that up trend(s) are broken that is most likely when it will run.
We may get a H&S pattern form, so if you can pick an entry on the RH shoulder that would be great.....but we will see what happens.
In retrospect we learn.
In perspective we earn.