Bearish Trend on Daily TF -> confluence on H4 (both TF breaking bear fractals)
Price below cloud -> Price Bounce off Kijun on the downside -> Price broke long time support on H4 in the lower Donichian Channel -> bearish presure stronger
Targets at .927/1/1.221/1.611 Levels
SL should be above Kjun - around 5.36680 Level (setup SL according to your risk management - only risk the amount you can afford to lose)
PS: Look out for Price action in the form of tweezer bottom at the donchian support and trail SL accordingly to minimize losses
Goodluck!
Price below cloud -> Price Bounce off Kijun on the downside -> Price broke long time support on H4 in the lower Donichian Channel -> bearish presure stronger
Targets at .927/1/1.221/1.611 Levels
SL should be above Kjun - around 5.36680 Level (setup SL according to your risk management - only risk the amount you can afford to lose)
PS: Look out for Price action in the form of tweezer bottom at the donchian support and trail SL accordingly to minimize losses
Goodluck!
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