If u remember i called out price was going to come and retest this 1.38643 level again. It was more bullish than i expected but after a week it immediately crashed very bearish into this level. If price now shows evidence of a reaction to this level i will try to catch the exhaustion as price is still very bearish and it is in a push phase in need of an...
If you remember i said price was going to drop and i was correct as it has completed about 65% of the push phase that i said was going to occur based off my analysis.
Here i believe it will be a shorting opportunity because of previous price action and market behavior. disclaimer please do not go into the live markets and place any trades due to my analysis as it is just an opinion.
I believe it could continue falling until it hits 1.38643 in where we would be waiting to see if a reaction occurs because of previous market behavior.