reasons to sell this currency pair if it breaks the grey rectangle are:
1- double top
2- trend line
3- divergence
4- resistance
if price forms another diamond on the trend line , then we modify our grey rectangle on that swing , if not , when price breaks our grey rectangle with a momentum candle we enter this trade with sl above the 0.72 psychological level as it will form a very strong resistance.
1- double top
2- trend line
3- divergence
4- resistance
if price forms another diamond on the trend line , then we modify our grey rectangle on that swing , if not , when price breaks our grey rectangle with a momentum candle we enter this trade with sl above the 0.72 psychological level as it will form a very strong resistance.