Short based on trend analysis price in a decending channel now at the top looking for measured move down we will adjust SL once we see two or more bear candles closing near the lows. I will update the idea.
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the 1h bull bar has a tail on top. its overlapping other candles. hence its part of a range and in the range we buy low sell high. price is high we are selling. once price will reach 1.09188 we may look to take partial profits and break even depends on the candles forming.
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I will update this idea.
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multi timeframe analysis
have a look i spot a nice looking head and shoulder on 5 min.