Daily: The price is respecting a downtrend. The price is currently sitting on support 144.75. If the support hold, the price will possible rebound to the upper range at 146 & 147.25. A clear break below would attract more bearish move to 143.5 & 142.25. An inside bar setup can also be seen previously.
4H: The price has broken the support 144.75. A proper retest at 144.75 level is needed. A sustained move below would push the price to 143.5 & 142.25. On the flip side, a rejection on 144.75 would confirm the downward channel and price would rebound to the upside at 146 & 147.25.
1H: The price is respecting the downward channel. The price has currently breakout of the support at 144.75 & testing the lower range of the channel. A break above 144.75 would confirm the rebound on H4 Downward Channel. On the flip side, a confirm & tested break below 144.75 would prompt the price to descent towards 143.5 &142.25.
