TECHNICAL ANALYSIS: DEATH CROSS IMMINENT

SHORT TRADE SIGNAL

The chart shows a strong downtrend on the 1-hour timeframe, with the price currently at 5.061, well below the moving averages. The short-term MA(7) is at 5.1959 and has crossed below both the MA(25) at 5.5047 and the long-term MA(99) at 5.5077. This strong bearish alignment, where the fast MA is the lowest, confirms the downtrend and indicates selling pressure is dominant.

Trade Setup (Short):

* Entry: Short Entry at 5.050 (Anticipating a dip below the current minor consolidation)

* TP 1 (Target): 4.815 (Re-test of the 24h Low at 4.813)

* SL (Stop Loss): 5.250 (Above the MA(7) as a safe point against an immediate reversal)

Short Outlook of Market:

The market for this pair is clearly bearish in the short term. The breakdown from the 6.082 high has been aggressive, and the price is showing limited momentum for a bounce. The moving averages are providing strong overhead resistance. The immediate outlook suggests a continuation towards the 24h low.

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