We're expecting a move down to 1.04000
Here is an opportunity to short from a higher timeframe perspective.
Following the new low, we have a pull back into structure.
3:1 risk reward
Use Risk Management.
Clear inverse head and shoulder, Price currently rejecting daily resistance, Waiting for a right shoulder to form and back up to resistance, wait for the break of neckline to enter safe, or you can enter shorts and then long at right shoulder with a tight Stoploss.
The Green line is the monthly's highest Since July 2018 and it has broken that high. Weekly support is at 8300. Support has become resistance. Arrow below Big bearish candlestick is the retest to the support. Moreover, a following ascending trendline being respected, more creations of higher high candles and lower low candles, strong indication of an uptrend,...