any up move is just a gift to a better short setup toward at ;east 1.24 zone
Weekly is enough of up move... so down move shoud be in place soon or not? anyway, Weekly is not the chart i trade but the chart that can show a potential move that can show the best bet based on risk reward... risk management is the key after all and of all.
Weekly chart is not what we should be trading on daily basis. However, it is just for me to see the potential move to choose the bet. Nobody can tell 100% what the next move should be, where to get in or out for sure. Only risk management is the key.
example for short setup with triple system for GBPUSD
This system was published long ago in the book Trading for a Living by Dr. Alexander Elder. Like any other systems outthere, if you like it, master it !
LONG EURUSD from this level - counter trend - super careful!