yellow line below black is a SELL and the reverse is buy. All time frames show a sell. But the zigzag shows that the prices are near a low zigzag. It is better to enter a sell from a high zigzag.

Hence let us see if the prices reverse from 1625.75, which is the 161.8 level for yesterday's high and low in H1.

http://i1115.photobucket.com/albums/k543/ponforex/forums/d4f10b1a.gif

if it goes below 100 level, ie 1622.20, then the prices, would be doing a double mountain, taking the prices to a drastic fall.

As expected prices did fall drastically confirming a SELL trend. Prices are expected to touch at least 1546. If it goes below 1520, which is most likely, then the prices are expected to reach 1100 this year.
http://i1115.photobucket.com/albums/k543/ponforex/forums/5b0f3453.gif

But we need to SELL from a HIGH. So it would be worthwhile to wait for a HIGH ZIGZAG to form to enter a SELL. 1626.06 is a strong resistance level to SELL. Any price around that price point can be an entry point for a SELL.

http://i1115.photobucket.com/albums/k543/ponforex/forums/dfda8023.gif