Price is trading at structural area with a daily trendline, minor trendlines, and a fibonacci level. I can see a potential for increased selling pressure.
Trade active
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Entry was at 0.98181. Took half my position off at 75 pips of profit, and will trail the remaining portion.
Trade closed manually
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I was taken out for breakeven on the second part of my position.
1 HR chart. Sellers have brought price back below the trendlines.
dlbsanborn
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Price is currently trading slightly above the daily trendline, but may have just been reaching for a supply zone. I added an RSI to see what momentum is doing and there's a hint of divergence forming on the 4hr chart.