W1 - Price moving inside range and is at the middle of the range. Price has also respected the previous spike.
D1 - Bullish divergence followed by bullish convergence, we may now look for pullbacks and buys.
H4 - Double wave down, we may now expect the price to move higher. Once we get a breakout of the downtrend line, we can join the bulls.
Alternatively if the price moves lower and creates another double wave down, then look for the most recent downtrend line to be broken in order to join the bulls.
Note: Until the level at 0.9580 is holding, we can look for buys.
D1 - Bullish divergence followed by bullish convergence, we may now look for pullbacks and buys.
H4 - Double wave down, we may now expect the price to move higher. Once we get a breakout of the downtrend line, we can join the bulls.
Alternatively if the price moves lower and creates another double wave down, then look for the most recent downtrend line to be broken in order to join the bulls.
Note: Until the level at 0.9580 is holding, we can look for buys.