The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. The ascending pattern of the H2 level is truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when a descending wave pattern, where the wave (A) breaks through the inclined channel of the ascending truncated pattern.
Stop Loss for the local maximum.
Target levels: 1.7006; 1.6869.