A divergent sell was made in this particular timeframe. It was then followed by a significant down move, thus breaking the nearest support level. This gave us a signal that sell mode is active. Sell order can be made at the previous Supply Zone.
The New Supply Zone could be a potential reentry sell. No buy position will be taken. Just wait for the market to either retrace to our supply zone or pushing lower into our second TP (follow my previous analysis on this pair).
There is a clear downward channel in this pair, so I am looking for sell at the origin candle (blue rectangle) of the dominant candle. First TP would be at demand zone and the 2nd one is at the support line
I am looking through an uptrend channel and expecting a day or two for pullback to previous support (fibo level 1.618 and 1). My TP would be at the Big Round Number (BRN). Any order at the support level should have confluence with minor timeframe.