Now, according to the resistance range in the higher time and the same MACD conditions and the trend in the 1-hour time, we can expect a further decrease.
We see the completion of the common ABCD pattern. The support areas of the pattern are based on (Fibo 38.2-50 and 61.8). We don't see the completion of the decline from MACD. We can have an increase up to the range of 0.939 or finally 0.943 and the formation of a double ceiling, and then a decrease to the range of 0.936 and 0.934 and 50 Fibo can be expected. At the end of the range 0.930
Pay attention that all the moves can be a correction in the last leg of the pattern and also each one can provide support to break the resistance from the box in the higher fractal, which needs to be re-examined.
We see the completion of the common ABCD pattern. The support areas of the pattern are based on (Fibo 38.2-50 and 61.8). We don't see the completion of the decline from MACD. We can have an increase up to the range of 0.939 or finally 0.943 and the formation of a double ceiling, and then a decrease to the range of 0.936 and 0.934 and 50 Fibo can be expected. At the end of the range 0.930
Pay attention that all the moves can be a correction in the last leg of the pattern and also each one can provide support to break the resistance from the box in the higher fractal, which needs to be re-examined.
