From the previous idea, price has successfully went according to plan heading upside. Since then, price has pullback and re-tested the trendline
(dark blue) of a 3-month uptrend channel
. We can also see that that's the -38.2% of the previous impulse move. We can also see bearish
divergence on RSI
14. From here, I am predicting price to head down to the first support area
On previous analysis, price still has a long way to go heading down to previous swing low @ 1.5845, a long-term trade.