TP hit. Going lower for weekly support test.

18 Jun 2018

TP = 0.046047 hit as the 1D Channel Down (RSI = 31.543, Highs/Lows = -0.0062, BBP = -0.0119) extended to a new Lower Low. The current support is the 0.039841 March 11 contact point, with March 22 = 0.034219 and Narch 09 = 0.030110 just below supporting on a 1W level. There may be two similar Rectangle patterns on 4H, so after a quick consolidation, we expect the price to be rejected off the 0.046047 Resistance and hit the TP = 0.034219. If the 0.046047 Resistance doesn't hold, then the 0.048540 Lower High of the 1D Channel Down should cause the rejection.