hello friends
as you see , Price has rejected after reaching to high time frame supply zone ( weekly trend line and top of rising wedge).
then price has broken out of rising wedge to the downside and retested the bottom of rising wedge pattern successfully.
i expect this pair go down to 0.7600 for tp1 and 0.7400 for tp2.
But, you can enter short positions in lower time frames as well.
Good luck.
as you see , Price has rejected after reaching to high time frame supply zone ( weekly trend line and top of rising wedge).
then price has broken out of rising wedge to the downside and retested the bottom of rising wedge pattern successfully.
i expect this pair go down to 0.7600 for tp1 and 0.7400 for tp2.
But, you can enter short positions in lower time frames as well.
Good luck.