Pair is in extreme in all higher time frames like the Monthly, Weekly and Daily. Regardless of the fundamentals, this pair will experience a correction, most likely to the up trend line from the bottom as seen on daily chart.
Technical Overview:
MN – Monthly Extreme
W1 – Weekly Extreme
D1 – Daily Extreme
Entry:
H4 – look for a clear move down, preferably a move that will break the last low on the H4 chart.
Only then we can start looking for sell opportunities once the price starts to correct itself.
Target 1: Daily Up Trend Line
Target 2: Open
Stop Loss: above last high
Video Explanation
