On the 4HR timeframe we can see that the market would have a move down followed by a retrace, if the retrace fails, we can expect the price to move down (which we see on this chart). We can expect to see a retrace made and will have to monitor how the market behaves at that level. I expect the price to have a large move down after that retrace, especially given...
Looking at EURUSD on the 4HR. Price has been moving in an ascending channel and just recently bounced off the upper bound. Looking for retrace to previous levels and attempting to catch the bounce.
