Price has made a nice retracement, creating a new lower high of the new downtrend retesting previous support structure as new resistance. Next, will be anticipating a continuation of downtrend for a new potential lower low next down into the 1.15000 region ..
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4 Hour: Price rejected off trend line & supply zone, giving me confirmation to look for entry point & we can now look for a trend continuation .
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1 Hour: Looking left, you can see how price reacted at this supply zone before, & is likely to happen again. Stop loss can be placed above the trendline & zone.