On the daily, we have a nice downward trend. Going down to a lower timeframe, I realized it formed a reasonable ranging/consolidation pattern that was tradable (Not all ranging patterns should be ignored).
Price will definitely want to react at 1.14000. SO Will be expecting a change in direction after price hitting 1.14000.
However, Price could finally break out from the trend and above 1.14500. If this happens, we are looking at a change in market structure.
Price will definitely want to react at 1.14000. SO Will be expecting a change in direction after price hitting 1.14000.
However, Price could finally break out from the trend and above 1.14500. If this happens, we are looking at a change in market structure.