In the H1 chart I want to see a breakout below 0.8590 (blue horizontal line) and then I will be looking to sell at the pullbacks towards the down trend line
. Ideally we would see two waves up ending with bearish
divergence. Of course this is not a mandatory condition. You can also find the short term up trend line
that will form during the pullback and trade the breakout below it.
Stop Loss – Above 0.8680.
Target 1 – 0.8600.
Target 2 – 0.8500.