Entering a short trade on the pullback from the current daily resistance. The daily candle shows a strong bearish reaction, and the 1-hour chart provides multiple clues for a potential reversal. The previously observed rising channel has broken, forming a head and shoulders pattern with a neckline break below.

Entry: 1.2681
Stop Loss: 1.2745
Target: 1.2603.
Support and ResistanceTrend AnalysisTrend Lines

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