The price has broken through the descending channel and it is moving towards main resistance after breaking range zone. The market is in ascending channel and overall it is in uptrend. I expect fall from resistance then retest the recent support level even though trend is bullish on 1H timeframe but on the 4H timeframe trend is more bearish then bullish . Additionally the market is overbought with some divergence. My goal is support 144.400.
The price has broken through the descending channel and it is moving towards main resistance after breaking range zone. The market is in ascending channel and overall it is in uptrend. I expect fall from resistance then retest the recent support level even though trend is bullish on 1H timeframe but on the 4H timeframe trend is more bearish then bullish . Additionally the market is overbought with some divergence. My goal is support 144.400.