Nice U Shape formation on the 4hour chart. Now just waiting for the perfect snipe setup on 5 min timeframe to enter and target channel resistance on current timeframe.

If price can drop down to 1.16, based on the current chart read, I suspect a 30-50 pip scalp off that level should be fairly low risk. A break lower however, may expose

Waiting to sell around the 61.8% fib pullback from the most recent bearish impulse which may coincide nicely with the 200SMA.