Price has formed a Major Rising Wedge (bearish reversal pattern) on the 4hr tf. Price is also at a Major resistance zone with Bearish divergence on the RSI. I expect price to do some sort of a stop hunt taking out the previous high before falling.
Here is the play I will be taking: (SELL STOP ORDER) Entry - 1.07546 Stop Loss - 1.08118 - 57.2 pips Take Profit - 1.03486 - 406 pips