SEE PICS BELOW!
WEEKLY CHART
- price currently in a donwtrend
- this weeks weekly candle closed below previous lower low
- nice rejection from the monthly key level
DAILY CHART
- price in a downtrend (confluence with weekly chart)
- price broken through level 1.13668 with two strong bearish candles
4 HOUR CHART
- price in a downtrend (three timeframes with confluence for a downtrend)
- price broken the previous low to make a lower low
- for price to signal an uptrend, price will have to break 1.14922 level
ENTRIES
- either price will pullback to levels 1.13668 or the monthly key level of 1.14509 level
TARGET
- price target would be next S/R level which is 1.12833
WEEKLY CHART
- price currently in a donwtrend
- this weeks weekly candle closed below previous lower low
- nice rejection from the monthly key level
DAILY CHART
- price in a downtrend (confluence with weekly chart)
- price broken through level 1.13668 with two strong bearish candles
4 HOUR CHART
- price in a downtrend (three timeframes with confluence for a downtrend)
- price broken the previous low to make a lower low
- for price to signal an uptrend, price will have to break 1.14922 level
ENTRIES
- either price will pullback to levels 1.13668 or the monthly key level of 1.14509 level
TARGET
- price target would be next S/R level which is 1.12833