SINCE PRICE IS IN A DOWNWARD CHANNEL; YET CURRENTLY ABOVE SUPPORT AFTER CREATING AN IMPULSIVE MOVE AFTER A BREAKOUT OF A CORRECTION ON LOWER TIME FRAME,
I WOULD EXPECT THE CURRENT IMPULSE TO CORRECT ITSELF BEFORE ANOTHER UPWARDS MOVE TOWARDS THE NEXT RESISTANCE AREA AT 1.5300 WHICH WOULD BE RESPECTING THE DESCENDING CHANNEL LINE, AND FROM THERE SEE A POSSIBLE MOVE TO THE DOWNSIDE IN CONTINUATION OF THE HIGHER TIME FRAME DOWN TREND TO MOVE TOWARDS THE 1.50100 AREA AND OF NOT LOWER. IF PRICE BREA
I WOULD EXPECT THE CURRENT IMPULSE TO CORRECT ITSELF BEFORE ANOTHER UPWARDS MOVE TOWARDS THE NEXT RESISTANCE AREA AT 1.5300 WHICH WOULD BE RESPECTING THE DESCENDING CHANNEL LINE, AND FROM THERE SEE A POSSIBLE MOVE TO THE DOWNSIDE IN CONTINUATION OF THE HIGHER TIME FRAME DOWN TREND TO MOVE TOWARDS THE 1.50100 AREA AND OF NOT LOWER. IF PRICE BREA