1HRS TIMEFRAME
Overall trend: Downtrend pattern
Pattern Used: downward channel pattern and harmonic pattern
An indicator used: 20 EMA
Analysis: it broke the zone during the bearish movement from price level @0.65750 to @0.65180. It retests the zone @0.65420 and now retraces using the zone as resistance.
alternate analysis: at this point, it can keep maintaining...
It is in a downward trend following a downward trend channel from the daily timeframe
it broke the previous high forming a retrace and to re-test to form new support.
changing the market structure to a bullish movement
We take a buy entry