Price clear bearish structure in 1H timeframe, price shows reaction to structural point ( previously acting as a support but now its acting as a resistance area ).
Now for a short position we need price to comes up one more time and reject from the area and forming a kind of toping formation like double top which is possible in lower timeframe to be able to sell.
Also price taking out liquidity from above the arrow but failing to close above them is another great signal to take a sell position on this pair.
Now for a short position we need price to comes up one more time and reject from the area and forming a kind of toping formation like double top which is possible in lower timeframe to be able to sell.
Also price taking out liquidity from above the arrow but failing to close above them is another great signal to take a sell position on this pair.
