This is only my setup idea for this pair , IT IS NOT a signal
Monthly
-descending channel and strong bearish candle
Weekly
-bearish engulfing , after multiple price rejection pinbar at resistance zone and descending channel
+Stocastic in oversold
+ Macd istogram in bearish slope momentum
Daily
-Bearish Head and Shoulders
-price at support zone , so I am...
This is only my personal view , It is NOT a signal
Daily Time Frame
- price sitting at support area in confluence with Stochastic indicator signal in oversold ( bullish ) + 61% Fib level
4Hr Time Fame
-2 bullish engulfing + bullish pin bar
- stochastic and macd in bullish divergence
1HR Time Frame
- double bottom with pinbar + bullish engulfing