ON the daily we can see price respecting middle band of BB and was formed followed by move down, if we want go deep into candle formation, the top was engulfed by the bear.
Looking at 4 HR chart we have the again rejected the price, so I think this is great short opportunity with 70 pips risk look to gain 200 pips.
The most important is the process seems giving high probability trade for us to make decision.
Price move higher than I anticipated, but there is no divergent, so the safest way to enter is to let this price go down and pullback, the only supporting reason now is the level and the engulfing bearish candle
The 4 HR show head and shoulder with amazing respect to SMA 75