So far both the long term (1D chart) and short term (4H chart) indicators and patterns have provided accurate entries as seen by the following ideas:
At the moment the new Channel Down is on the consolidation phase around the 1D MA50 (blue line as seen on the chart). The Lower High on the 1W Channel Down is in, so technically the price should decline towards a new Lower Low.
Based on the relative % drop from the Lower Highs, the next Low is estimated at 1.08300.
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