Price has been very Bearish throughout the week with price continue to make a series of LL and LH formation followed with a 4H Wide Declining EMA 14. Price is currently putting pressure on an Institutional Level which is acting as support. Price has consolidated during the earlier session before a Bearish Push was seen from the 1.08 level.
I will be expecting a further downside break of the Institutional Level followed by retracement for a potential Short Entry.
Bias - Bearish
I will be expecting a further downside break of the Institutional Level followed by retracement for a potential Short Entry.
Bias - Bearish