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as it appear in the weekly chart for this pair the last week candle was strong bearish which means good sign for more down ward diriction. so far the trade over ema50 line and still for the pair have to test the support nearest level at 0.8520
keep it simple
it is a down trend
you can sell it from 0.8605
the stop 0.8616
end you can bay it from stop
pair reached support at levels of 0.85259 and rebounded upwards. If it breaks above the levels of support at 0.85966, the pair will enter into a buy zone. Two of the technical indicators are giving buy signals, whilst MACD gives a sell signal.
I do not see into the future - TRADE AT YOUR RISK
The pair is forming what looks to be a pin bar formation on the daily chart. This signal is bullish and might lead to a test of the broken support of 0.8654 in the next day or so.
A bearish bounce off 0.8654 can provide a good short re-entry signal.
It's not about the money. It's about the amount.
as we can see the pair after closing indicators say SELL is good chance as 10-30 pip from closing
buy at 0.8588
tp at 0.8620
sl at 0.8540
On the 4H chart the next support is at 0.8550 while the candle will see a resistance at level 0.8621. The short term trend for this pair is downward.
In my opinion, sell the pair below 0.8580 and set the take profit at 0.8550 while the stop loss should be set at 0.8621.