After an extensive move last week this pair appears to be a making a double top
formation on H4 time frame, RSI
is extremely over bought 80 plus and price has already in the fib confluence zone of this move before price broke to the rectangle
, red box is the whole confluence zone to take the short opportunity in the lower time zone. If you look at the left of the RSI
similar kind of set-up happened where RSI
crossed 90 and price fell from there, now even RSI
appears to be setting up double formation. So any bearish
set-up in lower time frame will be the reason for short with good R&R.