I’m looking for a retest of the 200EMA currently around 1.2260 to sell with TP 1.2175.
Downside was limited until a test of 1.23. Now that 1.23 is tested. I’m looking for further possible downside.
As We can see on the H1TF. Oil has formed a higher highs and lower highs therefore I believe we are currently on the way to make another lower high.