As per the 4H graph, you can see the following:
- A breakthrough of the ascending trendline, a retest and rejection will indicate an impulse to the downside.
- RFI is indicating that the pair is losing strength.
- The target should be set above the highest support level.
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- A breakthrough of the ascending trendline, a retest and rejection will indicate an impulse to the downside.
- RFI is indicating that the pair is losing strength.
- The target should be set above the highest support level.
Please like, comment and follow if you enjoyed my analysis.
Komen:
Prediction correct.There was a break, retest/rejection and an impulse to the downside.