1) Daily: Price having a lot of long wick rejections at this area. This area has had rejections previously before. 2) Price has also touched monthly 50 EMA, this is a major zone. 3) @ 4hrs chart price is moving sideways 4) @1hrs chart Price has formed a bearish pattern towards the upper trendline line. Divergence at 1hr time frame chart 5) 15mins chart price has formed a double top with neckline break, 15mins EMA crossover, and price retesting the neckline. 6) Long wick candle rejection @15mins chart from 61.8% fib level. 7) Wait until price creates wave ABC between wave 1 & 2.
Entry can be made upon the completion off wave C with clear bearish candlestick pattern A) TP towards 0:87150 B) SL: 30 pips