The nature of the retracement upwards is not clear at the moment.
Still the currency is showing lots of strength and if it penetrates the inside of the blue circle, then its gonna use the perimeter of the inside of that circle for resistance, and this means still lower lows to be seen.
There is also a chance that the outside of the red circle be used for resistance, and that gives us better short position
Neither of the 2 scenarios are clear at the moment, and best advice is to cash out of all short positions and stay aside.
Still the currency is showing lots of strength and if it penetrates the inside of the blue circle, then its gonna use the perimeter of the inside of that circle for resistance, and this means still lower lows to be seen.
There is also a chance that the outside of the red circle be used for resistance, and that gives us better short position
Neither of the 2 scenarios are clear at the moment, and best advice is to cash out of all short positions and stay aside.