Price broke trend structure rallied down.. .looking for bearish play when price attempts to take highs into the lower OB 0.62% ... if price breaks those highs (146.70) expecting a push towards second OB 0.62% (147)
expecting a short most likely in higher OB 0.62%
anticipated price reaching and rejecting 50% off OB (seen illustrated with free drawn red line) and it had already played out (113.89), then rejecting around 111.230 , when looking at LTF.. all happened quicker than i had expected but has played out well for intraday.
Expecting further downside in weeks to come
Green line shows bullish play if bearish...
price can run up to previous trendline support as well as confluence of previous support line which could potentially serve as resistance (1.074), and then continue further downside.
or price can run upto reclaimed OB, which has confluence with another previous support turned resistance (1.084) and run down to other previous support before taking off too 1.09...