TECHNICAL SUMMARY
1W- since January 2025 price has been rising, this is after it finally broke the 1.04601 level that was held since October 2024 ( so we can simply identify the current move as a retracement of a general downtrend).
4H- price reached the 4H order block( green rectangle) and created a RSI divergence after a long upward push. If the price breaks the orange horizontal line thus giving us a change of character, I'll be looking to sell to around 1.05476 .
ADDITIONAL NOTE
1. Beware of high impact news
2. Do your own analysis too, feel free to share your thoughts
3. I'll update what happens later next week so that we can learn from how ever market will react. SO STAY TUNED
1W- since January 2025 price has been rising, this is after it finally broke the 1.04601 level that was held since October 2024 ( so we can simply identify the current move as a retracement of a general downtrend).
4H- price reached the 4H order block( green rectangle) and created a RSI divergence after a long upward push. If the price breaks the orange horizontal line thus giving us a change of character, I'll be looking to sell to around 1.05476 .
ADDITIONAL NOTE
1. Beware of high impact news
2. Do your own analysis too, feel free to share your thoughts
3. I'll update what happens later next week so that we can learn from how ever market will react. SO STAY TUNED
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