Price broke down big support at 1.60000 on the daily, retested and did another impulse to the downside, price is now at the 0.786 fibo level.
Look for sells, I already placed mine.
Looking for a break on the bottom trendline and the new low. Wait for retest and look for sell opportunities.
If it bounces off the trendline
*Downtrend on the weekly chart - Trendline respected.
*Downtrend on 4h chat. Lower highs and lower lows
What do you guys think? Lmk your comments