The pair has been trading within a 1D Channel Down (RSI = 43.598, MACD = -0.004, Highs/Lows = 0.0000) since May that has been providing clear Sell (via Lower Highs) and Buy (via Lower Lows) opportunities.
4H is about to print a recurring bearish formation (Golden Cross into Death Cross) within the Channel Down pattern that has been a strong sell signal. We are taking this sell opportunity with TP = 1.2020 and 1.1700 in extension (if the price breaks below the Channel Down median (dashed line)).