If price returns to 1.805, then I will consider shorting this pair. I will be waiting for bear candles on the daily time frame. Once I see a bear candle, I will move to the 1H time frame and place sell limit orders at previous market levels.
Nota
Shorting could have began in March and ended in late April.

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Nota
Roughly what entries and stops may look like. Each entry and corresponding stop loss are 1/4% of account deposit.

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Nota
1H zoomed in for a bit more clarity.

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Bearish PatternsCADCandlestick AnalysisGBPGBPCADMultiple Time Frame AnalysisSELLshortSupport and Resistance

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