Looking for sell at this area with M15 confirmation.
Reason.
1. H1 support bresk and making resistance at 0.8927 creating new strong SBR zone.
2. H4 Trendline breakout at this line. Price fails to continue respecting this channel.
3. Daily BB showing strong sell momentum at this moment. Breaking 3 MAs
-EMA 5
-EMA10
-EMA20
-EMA50
Possible Head and shoulder pattern with sideways in H4/D1 form & possible price continue downtrending.
Reason.
1. H1 support bresk and making resistance at 0.8927 creating new strong SBR zone.
2. H4 Trendline breakout at this line. Price fails to continue respecting this channel.
3. Daily BB showing strong sell momentum at this moment. Breaking 3 MAs
-EMA 5
-EMA10
-EMA20
-EMA50
Possible Head and shoulder pattern with sideways in H4/D1 form & possible price continue downtrending.