If I'm going to short this pair, I'm going to do it around 110.000 and 111.000. I'll need to see price post bear candles on the daily time frame. If I see that, then I'll go to the 1H time frame and post sell limit orders at previous market levels.
Note
Bear candle posted on daily time frame.Note
Rough look at entries and stop loss placement on 1H time frame.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.