after missing the shorting opportunity on this pair yesterday price is now back to the bottom of the chart, testing the daily structure i've drawn (yellow box). A is completing right there and it's in confluence with an 1,618 pattern. Also, we have some nice clues on the , that's in divergence (both in the daily and 1hr chart) and in oversold condition (4H chart).
If you take the Bat as entry reason be sure to put your stop loss below the X point, otherwise you could wait for further confirmation by price action and therefore reduce your risk.
I'll keep you updated.
If you want to share your view or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!