6E has made 339 tick bounce from 1.2288 in what has been a steadily declining downtrend, but it built a rising wedge, and with negative divergence on 1hour chart, turned back down. Notice the price level of 1.2627 where it reversed was the previous low, which was support now resistance. On the daily chart, you can see ADX rising to support the steady downtrend before the 339 tick bounce, and when it began to turn down, the price began to rise. And, yes, I shorted 1.2626, 1 tick below the high.
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