- The price just reached the top of this range
- Successfully developing a channel with deep pullbacks
- We have some exhaustion candles on the top but I am not taking this into consideration since the recent move is pretty strong.
- The exhaustion candles reflect this reach
- From the lower time frame ( 4 hour ) we can see the price didn't really breach the resistance from 1.5000. It tried but never held.
If this second attempt fails we can try to short this after a pullback for better risk reward.
- If this does not happen and the price stays above 1.5000 we can keep watching the for another entries.
Let's start stalking !
It reached the top and then crash.