In the higher time frames (Weekly & Daily) we can see bearish candles with lower upper shadows.
Moreover, price is below Monthly, Weekly and Daily lows.
In H4 we have a downtrend and in H1, as you can see, the ascending trend line has been broken out to the downside and also a reversal H&S pattern has been created and the neckline is broken out.
I expect a fall in price first to 152.800 and in the case of breaking out this level, the next target would be 152.100 which is a monthly support level.
You can enter short in a quick pull back in 15min time frame.
Good luck and trade safe.
Moreover, price is below Monthly, Weekly and Daily lows.
In H4 we have a downtrend and in H1, as you can see, the ascending trend line has been broken out to the downside and also a reversal H&S pattern has been created and the neckline is broken out.
I expect a fall in price first to 152.800 and in the case of breaking out this level, the next target would be 152.100 which is a monthly support level.
You can enter short in a quick pull back in 15min time frame.
Good luck and trade safe.
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