Reasons to follow the pair:
Possible:
a. Channel (Trend-line) break down
b. Previous short-term support break down
c. Fibo 23% break down
d. RSI 50 bearish cross
e. Momentum 0 bearish cross
Notice that none of the break downs (a, b & c) happened yet.
We are watching the pair
Stop could be above the previous resistance.
Take profit could match Fibo Ret. 62%
Reward/Risk equal to 1
Acknowledgment:
TomorrowPapers publish its own ideas. Traders are responsible for their own trades.
Good luck