Positive Confluence: - Broad Daily Head and Shoulders pattern - Bearish MACD divergence - Confluence of trend lines conjoin at 50EMA - Intraday downsloping bearish trend line since 19th Jan coinciding with support resistance line at 0.85, 200EMA resistance and R2 pivot point
Entry point - Below daily pivot point and today's low Target - Key support line, 200EMA, upsloping long term trend line 0.833 R:R 1:1.8