DAILY CHART - price in a strong downtrend - price making lower lows and lower highs - waiting for price to move into the 1.14500 level for a trade - 1.14500 level has been used as S/R multiple of times in the past (looking left) - price already broke and retested the 1.14500 level and fell lower
4 HOUR CHART - confluence with daily chart as 4 hour chart in a downtrend - RSI is at overbought level - in a downtrend bias until price breaks up through level 1.15012 - 61.8 fib level matches perfectly with the 1.14500 level also the level is a round phycological number - looking for price to move up to 1.14500 level for a entry