Gbpeur short term short

Gbp is approaching oversold area. Whatching closely for every sign of market shift from strongly bullish to bearish.
Reason for that is the creation of an w formation while retracing and during the bullish move.
It is expected an bullish move Around 1.2 and than retrace toward 1.176-1.18.
If the market will go as my prediction I'll enter trade with half position.