Price has broken my 4hrs UPWARD channel and my 4hrs SUPPORT LEVEL (ZONE). And clearly now we are on a 4hrs DOWNTREND, so we are getting ready to SELL. Just waiting on the RETEST on our RESISTENCE LEVEL which was SUPPORT LEVEL before price broke it. enterly will be at 1.3740 tp at 1.3655 sl at 1.3760
So far so good, after price breaking the uptrend waited to retest our RESITENCE (price failed to break it). I then entered the trade on 0.618 fib level and at 50 EMA at Price 1.16075. My first TP is set at 1.15820 and TP 2 at 1.1572
the price respected the fib retracement of 0.618 and started to fall all the way down to our targeted profit level. the 1hr trend line has been broken and we have to wait for a retest and hopefully, it keeps going down. we can notice too that the 4hr trendline has been broken.
