Starting from the daily timeframe, the price failed to reach the 2018 high and broke out from the smaller ascending channel so we can expect bearish movement in the upcoming weeks.
Daily:
Moving on to the 4H timeframe, the price has been correcting in a bearish flag pattern which may well be the first confirmation for the previous breakout.
4H:
Finally, in the 1H timeframe, we are expecting a reversal pattern like the one shown on the chart. Entry area and targets are demonstrated below.
1H:
I hope everything is clear enough.
Thanks for your attention!
Daily:
Moving on to the 4H timeframe, the price has been correcting in a bearish flag pattern which may well be the first confirmation for the previous breakout.
4H:
Finally, in the 1H timeframe, we are expecting a reversal pattern like the one shown on the chart. Entry area and targets are demonstrated below.
1H:
I hope everything is clear enough.
Thanks for your attention!