IDEA On our top-down analysis we can see the following about the current price:
Weekly: Pair is currently at the resistance of our bearish channel
Daily: We have an area of sensitivity at 1.07656 by which we can see high possibility of a triple top
4h: Another bullish channel here showing the current bullish movement to create our third top
CONCLUSION The fact that we are at the resistance of our weekly bearish channel is our first confirmation to sell. Also keep in mind we are at another area of high sensitivity at 1.07656 as well as the possible triple top. So having 3 confirmations makes this a high possibility trade.
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