The above pair is in a downtrend and the best selling zone would be to patiently wait for a selling confirmation btwn the fib zones indicated by the red rectangle and then taking profits can be at the -27.2% or the -61.8 fib zones
Note
SL can be at the 1.13500 area so as to avoid any stop loss hunts which might be signified by long wicks to the 78.6% zone but the candles closing inside the downward channel
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