The pair closed above 1.3240 (2% deviation/envelopes of 50 week EMA) this week, forced me to question the bearish potential. The more I gaze at this weekly chart, the more I suspect a strong bullish candle for next week. However, there is a possibility of a gap below 1.3240 when the market open tomorrow. IF that is the case then I'm gonna shift back to bearish view on this pair.
I leave multiple short position over the weekend. I haven't been able to decide how I deal with those open trades; either I add more positions (averaging) or accept the losses. I really wanna keep those shorts as I believe that the trend is still down on the intermediate scale (4 hour time frame). Close above 1.3290 will confirm trend reversal with risk at 1.3150.