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Everybody knows that head and shoulder is formed and waiting for the short entry. Here the time is:
Enter SHORT around 0.8965
Stoploss : Above Right Shoulder around 0.9014
Targets : 0.8920/0.8870/0.8700
Also do trendline as a trailing stoploss for capturing the entire downtrend.
NOTE : This is my suggestion and do your own analysis. There is a chance for...
There's a strong resistance here(weekly). So, we can take a nice short here for the target shown in the chart!!! Prices also showing good pullback downside so, it may be a good trade for us !!!
Also, last week prices take good upside route and a recovery to downside is strongly expected from here...
That's all for now...
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