We can see the inner trend line has been broken and is sitting on support. i believe we will see a further retracement to the 1.5 area highlight which is in confluence with the FIB Retracement 0.38, Major SUPPORT & outer trend line before we see upside movement to my targets 1.6.
If we see a clean break and close on the DAILY TF below the outer trend line then i should go short to my downside target at the 1.5 area.
so to conclude my overall bias is long until we see the break of the outer trend line.
If we see a clean break and close on the DAILY TF below the outer trend line then i should go short to my downside target at the 1.5 area.
so to conclude my overall bias is long until we see the break of the outer trend line.
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