The 1H time frame is still in sellers teritory. Notice 15M buyers are unable to make new highs. So selling at the top close to the breach area and planning to take profits where the last breach from buyers. Price still may reach to the area where buyers started.
Price trading below 200 MA line, unable to break above and stay above. Since 1H in seller teritory taking the oppertunity to short. Profit target at previous low.
Entry: 1.1380, SL: 1.1350 (30 pips), TP: 1.1485 (105 pips)
Waiting to see price unable to break below 1.1380 and move up. If it comes to retest the 1.1380 area and happen to see any reversal signs (pin bar or macd divergance) looking to go Long at the support area.
Will not trade this setup if price able to break below 1.1380.
