Period of consolidation. If we see a green 4h candle at 09:00 UTC this will instil confidence. RSI and MFI are about to cross the 50 from south to north, this will potentially indicate a bullish move. However, this is not surefire.
Comment:
Please note, that although Ichimoku suggests downtrend, we are talking of a shorter bullish move to possibly 1.22
Comment:
4h candle nice and green. Bullish movement.