(red downside trend line based on H4 time frame and Blue trend lines are based on daily time frames)
- daily downside trend line (blue) being well respected until now.
-monthly, weekly and daily M.A's pointing bearish.
- daily trend line well respected making lower lows bellow the blue daily rectangle.
I think it will go bearish next days (H2 M.A's have already crossed for bearish) and it might try to reach last year's lowest price.
target: 53pips / stoploss: 26pips / RR 2:1
if it don't go downside, it might try to retest the H4 trend line or it could go for a walk to the daily upside trend line
- daily downside trend line (blue) being well respected until now.
-monthly, weekly and daily M.A's pointing bearish.
- daily trend line well respected making lower lows bellow the blue daily rectangle.
I think it will go bearish next days (H2 M.A's have already crossed for bearish) and it might try to reach last year's lowest price.
target: 53pips / stoploss: 26pips / RR 2:1
if it don't go downside, it might try to retest the H4 trend line or it could go for a walk to the daily upside trend line