Price should continue its course to the 1.60000 area, on the daily we can see a clear retest of the zone (purple rectangle). On the 4 hour price is rejecting the zone as well as the 38.2 fib. level which could mean price will continue to dump. I will continue to hold since the structure hasn't changed on the daily. Please do not take this as financial advice this is MY view. Let me know what you think
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SL Hit. Moved it to BE then moved it back to its original place as I wanted to give price room to breathe. Unfortunately hit my stop this morning. A reminder to never move your stop!