Price broke bullish channel It respects reversal zone It respects new bearish trend Price may respect 200MA
Price may retrace to 1.1730 area before moving to 1.1936 area, potentially setting up a head and shoulders Price respected trend by bouncing off 1.5055 area
Expecting price to swing down due to reaction to levels. Price may jump up again before hitting longer-term trend resistance. This is my first publication. I'm still VERY new to the use of these indicators, so any critiques or tips on improving visibility and analysis will be greatly appreciated!