Pattern spotted on H4.
PRZ : 15 pips
Good potential to sell because :
1) Price is close to the top of the equidistant channel
2) is at overbought level
3) Hourly candles seem to be consolidating, strong resistance at 0.8807
Risk to reward is good : 1.9 (TP1) and 3.2 (TP2).
The Fib Time Zone is represented by the blue vertical lines.
Good indication for entry points (1.618 and 2).
Invalid if pattern goes beyond 3.
I will observe the next hour candle for retracement and for divergence.
I am not positive on this trade now, looking to close at break even or a few pip loss.