Taking a look at the 4H chart, price recently broke the 4H TL and also created a new LH and LL on the 1H time frame, after maintaining resistance the beginning of last week.
The initial move was already made. However, going into this week, I will be looking for price to pull back, before continuing down, to the higher time frame LL or further.
The higher time frame is showing bearish, so I will only look for bearish moves on this pair this week. Unless given data to do otherwise.
The initial move was already made. However, going into this week, I will be looking for price to pull back, before continuing down, to the higher time frame LL or further.
The higher time frame is showing bearish, so I will only look for bearish moves on this pair this week. Unless given data to do otherwise.