We're seeing exhaustion on the 4hr timeframe as we reach a key area in the market. Price could still push slightly higher as we enter the new London trading session, so lets wait for confirmation. I am looking for a reversal trade on this pair. 1hr is still bullish
at the moment in the form of an ascending channel
. What I will be waiting for on the lower timeframes is either a double top
, or a break and retest in the form of a lower high to give me sell confirmations. Good luck traders.