Bearish Indication -Trend is downward which is in favor of bears -Bearish engulfing is observed at the recent high low -Bearish flag is made which predicts the downward trend and you may aim to the predicted target which is at 1.00570 -Support is being testing out at 4 hours frame at 1.01314
Bullish Indication: -Resistance 1 at 1.02363 -Resistance 2 at 1.02041
Biased Go Short Plan A Short at support level 1.01314 SL: 1.02041 TP1: 1.01010 TP2: 1.00710 Plan B Short at 1.01682 SL: 1.02041 TP1: 1.01381 TP2: 1.01081
If R1 is broken then there would be trend reversal. And may go long.
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