The price can continue to fall. If the H4 candle will close under the Support/Resistance Zone we can look for an accurate Sell entry. Potential profit will be 3 times bigger than the risk.
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Unlikely we are going that low based on the 1W MA200:
rima118118
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Thanks
Saeed966
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Good job
Saeed966
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Thanks
Yuriy_Bishko
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MikulovicFOREX
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@Yuriy_Bishko, Hey Yuriy great job on the analysis. You mind me asking why you were expecting price to dip down to create the valley rather then bouncing up from the support level ?
My best regards
Sebastian