I expect price to reach and retest monthly trendline of channel which should be a good support and we can look for longs from that area in longer term. Look for any sell setups on lower timeframe and keep trade with target at 0.79600.
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Monthly flag has been broken and we should have a test of upper trendline before next up move.
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Possible scenario.
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Nice progress.
Still we should get more down.
Still we should get more down.
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Price at key level.
Watch price action as still holds on 0.83500
Watch price action as still holds on 0.83500
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Possibility of retesting previous structure.
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Shoul breaks previous swing tops before reverse.
