It can be seen on the 4 hour chart that the pair has reached a key decision level.
A massive horizontal structure that spans two months. The pair was moving in a downward channel, and now it has reached both the channel border line and the horizontal support.
On a 1h timeframe it can be seen that the pair is trading in a range of indecision.
I say, if the 1h and 4h candles both close below the level, I go short. If is bounces back, and breaks the range resistance, I go long.
I will say I am long biased, so I will post again, watching closely how it plays out.
Please, hit the like button, it really helps me if you do that!
Wish you luck.
A massive horizontal structure that spans two months. The pair was moving in a downward channel, and now it has reached both the channel border line and the horizontal support.
On a 1h timeframe it can be seen that the pair is trading in a range of indecision.
I say, if the 1h and 4h candles both close below the level, I go short. If is bounces back, and breaks the range resistance, I go long.
I will say I am long biased, so I will post again, watching closely how it plays out.
Please, hit the like button, it really helps me if you do that!
Wish you luck.
Note
new structure analysis: 
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✅ My Website: prosignalsfx.eu/
✅ For VIP SIGNALS contact: t.me/prosignalsfx_contact
✅ RELIABLE BROKER: prosignalsfx.eu/trustedbroker
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ FREE Telegram channel: t.me/prosignalsfxx
✅ My Website: prosignalsfx.eu/
✅ For VIP SIGNALS contact: t.me/prosignalsfx_contact
✅ RELIABLE BROKER: prosignalsfx.eu/trustedbroker
✅ My Website: prosignalsfx.eu/
✅ For VIP SIGNALS contact: t.me/prosignalsfx_contact
✅ RELIABLE BROKER: prosignalsfx.eu/trustedbroker
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.