$OPEN Clear sell pressure is evident on the daily chart after failing to maintain the 0.2000 zone. The price has now returned to around 0.1710, where support may appear. Therefore, entering a sell trade from the current low means chasing the move. The better setup is a controlled entry through a rebound from a recovery toward the resistance level.
Entry: 0.1750–0.1790
TP1: 0.1680
TP2: 0.1620
TP3: 0.1550
SL: 0.1840
Sell and trade