From a technical standpoint, the monthly and weekly charts share a common resistance level:
38% Monthly/Weekly Retracement, 1.4850
Here's the trade:
1) Sell 1.4844
2) Stop Loss 1.4879
3) Profit Target, 1.4809, 35 pips 1:1 risk vs reward
38% Monthly/Weekly Retracement, 1.4850
Here's the trade:
1) Sell 1.4844
2) Stop Loss 1.4879
3) Profit Target, 1.4809, 35 pips 1:1 risk vs reward