Trade Idea
Price action looks to be forming a top.
In line with the possible early stages of a head & shoulders pattern and the strong rejection of gains, we look to set shorts in anticipation of a swing lower.
We have a 50% Fibonacci pullback level of 0.9207 from 0.9090 to 0.9324.
There is scope for mild buying at the open but gains should be limited.
Further...
