pattern completed on the H4 chart at 1.0790/95.
Price went slightly above the PRZ and is currently supported by the PRZ. I would want to see the price goes back down below the PRZ to be more on the pair.
Now the PRZ must act as a resistance with the round figure 1.08 helping as a natural resistance too.
H4 chart, indicators showing bearish divergence :
- MACD and the MACD Histogram
Putting my stops at 1.0835
Next critical step will be to break below the TL support
This goes to show that although the indicators and signs were all aligned, there is still a possibility that the trade can fail.