having given a CHoCH, it is temporally retracing to the up side to take out liquidity before giving us an official downtrend on the 1hour time frame. sell 1 and sell 2 are the two possible areas it could touch prior to the expected movement. stop loss should be 50 pips above sell 2 and also manage your risk.
as the market is consolidating under the previous high forming a significant supply zone, it is advisable to wait for the market to take out the liquidity identified on the 5min time frame then we can go for a sell at the 2920.00 level and expect first TP to be around 2880.00 before going to the lower side of 2820.00 which will complete the formation of a flag
