Buyers became trapped with stop orders below the weekly level of 1.26.
In this situation, the best thing to do should be considering short positions with stop-loss set at 1.2684. Take profit upon the breakdown of 1.2600.
Tha trading idea follows the framework of the "Price Action" and "Stop Hunting" strategies.
Good luck in trading and don't forget to control the risks! Have a nice day.
