I can see a good short trade opportunity developing.
1)The price sharply dropped below the major support/resistance zone around 107 area and retraced up gently within the ascending parallel channel to fill the fair value gap.
2)The current 4H candle is moving below the bottom parallel channel. (developing)
3) MACD is in the bear zone and it looks like it is about to cross to the downside (but not confirmed).
4) RSI is also in the bear zone and it is starting to cross to the downside.
1)The price sharply dropped below the major support/resistance zone around 107 area and retraced up gently within the ascending parallel channel to fill the fair value gap.
2)The current 4H candle is moving below the bottom parallel channel. (developing)
3) MACD is in the bear zone and it looks like it is about to cross to the downside (but not confirmed).
4) RSI is also in the bear zone and it is starting to cross to the downside.
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