Market structure is in the downtrend and broke below the significant level of 0.89913. Price went on a corrective movement at 0.89222 as it did not create a lower low. Price retraces and retest Fibonacci level of 0.618 (which is also the significant level of 0.89913) and did not break above that level, where it created both a downtrend flag pattern and a double top. Price was at the peak of a small channel and is moving downwards. 2 possible entries: 1. Price breaks and close of the double top neckline. 2. Price breaks and close below the upward channel / flag to signifies change of current swing to the downside.
Short term TP: around 0.88809 Short term SL: above 0.89173
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