Price should continue its course to the 1.60000 area, on the daily we can see a clear retest of the zone (purple rectangle). On the 4 hour price is rejecting the zone as well as the 38.2 fib. level which could mean price will continue to dump. I will continue to hold since the structure hasn't changed on the daily. Please do not take this as financial advice this is MY view. Let me know what you think
Komen:
SL Hit. Moved it to BE then moved it back to its original place as I wanted to give price room to breathe. Unfortunately hit my stop this morning. A reminder to never move your stop!