Weekly: Very bearish weekly close below a monthly key level. 128.00. Looks very easy for us to get to 126.00. moving averages crossing over to the downside.
Daily: Bearish hammer was last daily close, profit taking took place and the support held. If we B&C below 126.7 we should see a further decline to 125.5 level very quickly
H4: Very bearish. looking for profit taking/pullback before we try to breach the lows.
Last impulse on the H4 38.2 retracement level lines up perfectly with 128.000
Daily: Bearish hammer was last daily close, profit taking took place and the support held. If we B&C below 126.7 we should see a further decline to 125.5 level very quickly
H4: Very bearish. looking for profit taking/pullback before we try to breach the lows.
Last impulse on the H4 38.2 retracement level lines up perfectly with 128.000