H4 - Price is at the top of the channel, hidden bearish divergence. If we didn't get a valid breakout (false breaks are acceptable) we may then expect the price to move lower again and start looking for sells.
M15 - Bearish divergence, if the price moves lower and close below the low at 0.8817, we can then start looking for sells.
Invalidation – If the price moves higher and breaks above the last high then this setup is invalidated.
M15 - Bearish divergence, if the price moves lower and close below the low at 0.8817, we can then start looking for sells.
Invalidation – If the price moves higher and breaks above the last high then this setup is invalidated.