Weekly: Very Bearish Weekly close candle after tapping major monthly level 2 weeks ago (1.8750). Prior to this level being reached there were 2 distinct weeks of impulse.
Daily: Impulse leg off of weekly Trendline bounce- followed by a 38.2 retracement- followed by another impulse leg fulfilling a 1.27 extention, perfect metrics. Anticipating the break and retest of the trendline to finally bring us into the 1.76 region and also a perfect cypher completion. This region also lines up with the weekly Trendline so we know buyers will be lying in wait.
Daily: Impulse leg off of weekly Trendline bounce- followed by a 38.2 retracement- followed by another impulse leg fulfilling a 1.27 extention, perfect metrics. Anticipating the break and retest of the trendline to finally bring us into the 1.76 region and also a perfect cypher completion. This region also lines up with the weekly Trendline so we know buyers will be lying in wait.