Now the price has broken the strong support area 1.0626-1.0617 and we are waiting for re-test with price action candle to confirm the entry position.
Confluences:
1- The primary structure in 4H chart is downward , as per mpving below the EMA 200.
2 - The price is in high volume area which indicate that price will continue in bearish bias after re-testing.
Confluences:
1- The primary structure in 4H chart is downward , as per mpving below the EMA 200.
2 - The price is in high volume area which indicate that price will continue in bearish bias after re-testing.
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Price starting to move to upward move to identified area.
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Price is approaching now forn the identified area.
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Price has been reached at 1.0608 and resuming its bearish move again.