Main Items we can see on the chart:
a) We have seen a reversal movement from a major support zone at 1.05
b) The main question is if this movement is a corrective structure of the bearish trend or a new bullish movement
c) After the Breakout of the first descending trendline, we are observing a 4HS compression
d) If the Compression is broken, we expect a bullish movement towards 1.085
e) If you are interested in trading this movement, we would do it after the breakout and looking for small structures (ABC Patterns) on a lower timeframe like 30min or 15min
a) We have seen a reversal movement from a major support zone at 1.05
b) The main question is if this movement is a corrective structure of the bearish trend or a new bullish movement
c) After the Breakout of the first descending trendline, we are observing a 4HS compression
d) If the Compression is broken, we expect a bullish movement towards 1.085
e) If you are interested in trading this movement, we would do it after the breakout and looking for small structures (ABC Patterns) on a lower timeframe like 30min or 15min