There was break of ascending channel which broke and was then retested. I believe retracement is done now and a new downtrend is starting.
Reasons for short based on PIN BAR STRATEGY.
1. Support is now resistance.
2. Break of ascending channel
3. We can see a bearish Pin bar candlestick followed by bearish candle.
4. Price saw rejection at 21 MA forming a bearish Pin bar candlestick .
I will be looking for short opportunity on lower time frame.
JUST MY ANALYSIS. LIKE AND TELL ME YOUR VIEW ON THIS PAIR