Reason for the trading strategy (technically):
Price is starting to drop nicely below our major resistance at 0.7188 ( , horizontal overlap resistance, divergence) and we expect price to push down to at least 0.7041 support ( , horizontal pullback support). However, we are also in a and are testing the main channel support. Only a break of this channel would confirm further downside move.
(34) is testing major ascending support and is starting to break below it. Only a clear break of our ascending support would trigger a strong drop on price.