Return to the Trendlines and Prepare for a FALL!

Last week price breaks the weekly ascending channel and currently, it retraces back to the major and minor trendlines

forming the right shoulder of H&S pattern.

This would be a great opportunity for short with a good risk-reward ratio.

On monthly analysis, price is making temporary pullback after having consecutive bullrun during the end of July.

Overall. this pair still remains bullish. This is a short-term opportunity.

All the best.