looking short
as for the weekly TF we can see that price rejected strongly from a resistance zone around 1.23000 and since then we can see a market structure shift happening where price started making lower highs and lows. I've drawn an upper trendline connecting the lower highs in the daily where we have 3 touches. In the 4hr i've also drawn a trendline where we can clearly see it being broken by a Bearish candle with strong momentum, it didn't just break out of the trendline but looking at the latest market structure we can also see that it broke the previous low as well. we can now expect a retest to happen and then for price to eventually fall.
This is only a possibility where I have personally gathered information from the charts to speculate, this is not Financial advice.
This is only a possibility where I have personally gathered information from the charts to speculate, this is not Financial advice.
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