With Friday in mind...

Fridays - particularly, last Fridays of the month - have a nasty habit for trend reversal as profit is taken and balance sheets squared the world over.

Well, what about this for a pair that is ripe for a reversal ...

Now, this is what I call divergent.

So, switching to a shorter timeframe...

What I am looking for is a convincing break of the pink support line to trigger a short entry.

And I'll be targetting the 5m 800 sma (Yellow), watching price movement around areas of support for opportunities to add positions or take pips off the table.