i'm already involved in a CAD trade so i'm not taking this one. Nonetheless i want to share it with you so that anybody could take advantage of this opportunity and maybe get something out of it.
Here you can see price is giving us different hints of its reversal. First, it's right in the previous (where sellers are ready to join the market), second, there's a completing there, in confluence with a . of the previous bigger leg.
In addition to that, you can see the is overbought.
The final sell signal comes from the that has been formed right now.
Stops above 1,34 level, target1 at roughly 1,25:1 RR, target2 along with bat's target2.
I'll keep you updated.
If you want to share your viewpoint or ask questions, use the comment section below.
Otherwise, see you in the next chart!