Not a strong movement to the downside, however this that seems to be a small expanded flat on the 60 min time frame should confirm further downside, when broken.
Target as per our previous analysis 1.125 (minimum target).
Remember that you can always double check the bigger structures that are at play are on higher time frames by scrolling around the charts of lower timeframes (left to right top to bottom).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential losses you might need to accept before finding a good trade. Please don’t forget to follow us, if you feel that our analyses and views may be a useful complement to your trading strategies.
Thank you for viewing.
Target as per our previous analysis 1.125 (minimum target).
Remember that you can always double check the bigger structures that are at play are on higher time frames by scrolling around the charts of lower timeframes (left to right top to bottom).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential losses you might need to accept before finding a good trade. Please don’t forget to follow us, if you feel that our analyses and views may be a useful complement to your trading strategies.
Thank you for viewing.