What info can we get from Daily and 4H chart analysis:
1. Price break the support trendline and 3 key areas
2. Im hoping to see a retracement level at the 3rd key area which will be a perfect place for reentry position
3. Price would possibly continue with bearish momentum till it reach a key support area at 1.19628
* its best to look for the price action at key area or major trendline before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension
1. Price break the support trendline and 3 key areas
2. Im hoping to see a retracement level at the 3rd key area which will be a perfect place for reentry position
3. Price would possibly continue with bearish momentum till it reach a key support area at 1.19628
* its best to look for the price action at key area or major trendline before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension