Looking for a stall on price on the 4hr chart as it retests a strong resistance/support area , than to carry on lower to first target of 1.59500
Descending trendline which has touched for a third time also at a former strong support zone from both January and March this year. Looking for price to stall and move back down to the next support level.
Price is approaching a previous strong resistance area which is now a strong support zone, we are looking for price to stall and than reverse taking profit targets along the way.
Price is heading towards support , wait for price to stall at support and then reverse back to resistance levels taking profits along the way
Price to stall at strong resistance area and move back to previous support areas