Weekly / Daily - We are currently at a crucial spot, golden fib area and third touch of the trend line for a possible new downtrend continuation on the long term perspective.
4H - Interesting spot to take a short: resistance level of a possible head and shoulder pattern or break and retest of 0.70800 (important psychological key level), or both (as shown in the picture). Price also retested the trend line a second time making the first lower high last Friday. (Indication of a reversal of the 4H short term previous uptrend)
1H / 15-30 Min - Look out for price action signals when price is at those key levels mentioned on the 4H (e.g. engulfing candles, rejection wicks, evening star etc..)
4H - Interesting spot to take a short: resistance level of a possible head and shoulder pattern or break and retest of 0.70800 (important psychological key level), or both (as shown in the picture). Price also retested the trend line a second time making the first lower high last Friday. (Indication of a reversal of the 4H short term previous uptrend)
1H / 15-30 Min - Look out for price action signals when price is at those key levels mentioned on the 4H (e.g. engulfing candles, rejection wicks, evening star etc..)
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