Structure: Downtrend Moving Average: Downtrend Trendline: Broken Short Term Downtrend Line, but Daily TF Downtrend Line holds Pattern: Breakout of 1.08 Triple Top Resistance Trigger: Large Bullish Candle shoots up Resistance: 1.0890 - 1.09 Support: 1.08 - 1.0820, 1.0780
Wait for 1H candle retraces to 1.0815 previous top resistance, closed with rejection to go lower is required Entry area: 1.08 - 1.0815 SL: 1.0775 1st Target: 1.0860 2nd Target: 1.0890
Rmb the Daily Trend is still down, being conservative to half position size or wait for 1.0890 shorting opportunity