Explanations are in the markup .
We are in an area of sellers that push price down to break the previous lows creating new ones. Waiting for consolidation to break in whatever direction it wants to go. 30PIP SL
Price has drop and broken previous major and minor support levels and created a new low. 2hr is showing a quasimodo forex pattern with a high probability to the fall after breaking support with clean traffic looking left.
Markup with entry coming this week with a 25pip stop loss
Markup is drawn out to show what is to come if the probability plays out.
I will need to find a double top on the one hour breaking the last valid support level and then retesting it turning it into resistance pushing price down to 4hr support break and retest for confirmation of price heading towards daily and weekly lows