here comes a structure trade: as you can see the last downward impulse has broken the previous support, this specific level becomes the first candidate to become new resistance (this it the key principle for structure traders). At this level happen to be also some confluences like a , a psychological number (1,46) and the divergence down in the .
Also, price has recently created a followed by a red big candle.
This is enough for me to take a short position with stops above the highs, target1 at the retest of the most recent low, target2 all the way down to 0,75.
If you want to share your view, or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!