Price currently at bottom of monthly zone. Weekly sellers exhaustion. Creating a reversal pattern on 4H. Also Bullish divergence on 4H. Expecting price to break out of pattern and reach TP 1 and TP 2.
Overall still in a downtrend, had to refer all the way back to the monthly chart. Price broke out of channel just to retest broken monthly level (1.36500) then quickly went back down. False breakout of channel, now price came back within & is still headed back down. We should see some downside momentum ahead of us, & a weekly pin bar is also rejecting strong...
