Took this position today at 12am GMT
after the 1hr 50ema and pivot
rejection. As stated in my previous idea I have been looking for a clear signal to short this pair, and today thats what I got. We had strong bearish MACD
divergence on the 4hr chart with price making triple tops. After this, we had a clear break to the downside breaking the key trendline
, 1hr 50ema and this 4hr 50ema. Now that we had a clear breakdown and possible trend change on the lower timeframes, I was looking to take a short on the first lower high.