As you can see the Daily resistance has been rejected several times .
- On the 4hr there is a support zone
- if the support zone breaks on the 1hr chart then it can move very bearish => see arrow.
As You can see the support zone on 4hr has been broken and candle has closed under the zone.
- Now on the 1hr , a flag has been forming so if the candle breaks the flag then there will be a +- 40 pip down movement.
As you can see the inner trendline has broken on the 4hr.
I'm waiting for a retest on the orange zone and will go for a potential Buy to hit the Major trendline.