Short setup after 11 days of accumulation

11 days of accumulation, after a huge downtrend. You can see the flag formation at the D, W timeframes, at the H1, H4 it is obvious that pair doesn't go high at corrections and price is close to local support level for from june 22.
Next level is weekly support from spet'16 therefore we expect an impulse movement after local support breakdown. Next stop is 1.1470, most probably we'll go far, far below.

Trade chiuso: stop raggiunto:

closed at SL