This week price continued to move down as expected, taking some sell side liquidities (SSLs) and bullish order blocks (Bullish OBs) which acts as magnet of price. The Daily bullish order block was already taken so price could reverse back up to the Monthly bearish order block.
But since there is still a Daily sell side liquidity and the whole number 1.26000 below, price could still take these levels before moving up to the Monthly bearish order block
It is also possible for price to break thru the 1.26000 level and continue moving down up to 1.23000 level (the next sell side liquidity).
Currently waiting for more clues
But since there is still a Daily sell side liquidity and the whole number 1.26000 below, price could still take these levels before moving up to the Monthly bearish order block
It is also possible for price to break thru the 1.26000 level and continue moving down up to 1.23000 level (the next sell side liquidity).
Currently waiting for more clues