Looking for a possible shorting opportunity as price rallies to 0.9720 - 0.9800-ish region, which I think may be a probable hot area for sellers. I prefer the higher 0.9800-ish end of the zone but a strong bearish price action below that may be good as well as long as it presents acceptable Rewards to Risk. Let's see now.
Here are my current price projections for this currency pair as I look for possible short when it rallies to a possible reversal zone indicated by the box. A bearish price action at the end of the shortest arrow may be my preferred signal but any of the other two price projections could also provide nice shorting opportunities given the right price action.
Seeing a convergence of 3 measured moves having the same target price (around 0.7090). This is usually a higher probability set-up but I usually look for some price action confirmation at lower time frames.