as showing in the chart, the long trend touched the chart 3 times, and at the third one showed weakness. the trend line used to be support but now its resistant. in the book ( technical analysis explained, page 86-89 ) this situation explained that the longest distance ( price to trend line ) will be the same distance when reverse. so, if this happed, I will wait...
a harmonic has shaped and proved when closed under 1.184. the two indicators ( RSI & MACD ) proved when created lower highs. the short position will be opened when the green color (21EMA) crosses down the red one (55 EMA), with targeting 1.184 and 1.16. stop loss 1.245.