Daily chart making series of LH- lower highs suggesting price is in its continuation pattern to the downside.
Inner trendline on daily with 3 touches and candlestick reversal pattern infers price is already looking to short.
On the 4HR lookout for more confluence such as MA crossovers, counter trendline break and candlestick pattern which will give an opportunity for entry.
A good reward to risk is expected from this opportunity. 100 to 150 pips is a possible scenario here given that price is looking to strongly retest the daily support area
Inner trendline on daily with 3 touches and candlestick reversal pattern infers price is already looking to short.
On the 4HR lookout for more confluence such as MA crossovers, counter trendline break and candlestick pattern which will give an opportunity for entry.
A good reward to risk is expected from this opportunity. 100 to 150 pips is a possible scenario here given that price is looking to strongly retest the daily support area