EURUSD-D1. Big diamond pattern and other reasons to short

After a big rally this pattern is starting to make a correction.
Looking at W1 chart we see price is bouncing from a strong level of S/R
- MACD extremely overtended and crossing MA
- Stochastics pointing down

Here at D1 chart we have a relatively rare chart formation used in technical analysis. When a diamond top forms, it forms at the conclusion of a long uptrend in price, and it indicates an imminent reversal of the trend. As such, the diamond top formation generates a very strong sell signal.

We have also:
- up trendline broken

We can enter on candle close below pattern or sell right now based on H4 analysis.
First target would be 1.1500
Ideal target shown on chart

Best regards

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Nice move in our direction, moving SL to BE