In the coming days, we may see a retracement back to the support resistance wall. This should balance the overall structure.
After a retest of the channel breakout, price may go south
This may be the end of decline from 1300s. But first a long squeeze might be seen.
Long squeeze below 1.23 can be the final leg of correction, and then a higher degree rally can begin.
77.50 ish is important for a downward move, old lows are targets.
Trend continuation trade
Entry area is on the chart
If this down move is a shift of market structure, then selling the pullback is a good idea.
up flow may continue, idea is on the chart R/R:2.5
Might be stop running for both sides, but here is a possible trade
Idea is on the chart, R/R:3,71
If PA stays above 1.3080 then we can see a move to 1.3210-1.3220
it may be a broadening wedge formation, after an attempt to gain new highs it may be a though down ride.
After checking for the 61.8 retracement price can reach for the liquidity above 1.48
Details on the chart
From a statistical point of view, expecting at least a %10 correction of the current move.
one more down, then rally
Maybe a war this year??
Support and resistance levels with the projection of an ABCD pattern suggests lower prices.
After 11th of March we should see some action at least to the downside targets.