The faded green rectangular is a critical zone of buying !
and the pair is currently at the lowest levels of its history !!
two scenarios are expected :-
1- Prices goes below the faded green rectangular then corrects up again to enter its zone to test the selling pressure there , if prices after that test went down the faded green rectangular , then a possible bearish move is expected within the red downside channel
2- Prices goes up the faded green rectangular then corrects down again to enter its zone to test the buying pressure there , if prices after that test went up the faded green rectangular , then a possible bullish move is expected and a a long term bullish move will be confirmed by the breakout of the red downside channel to the up side
and the pair is currently at the lowest levels of its history !!
two scenarios are expected :-
1- Prices goes below the faded green rectangular then corrects up again to enter its zone to test the selling pressure there , if prices after that test went down the faded green rectangular , then a possible bearish move is expected within the red downside channel
2- Prices goes up the faded green rectangular then corrects down again to enter its zone to test the buying pressure there , if prices after that test went up the faded green rectangular , then a possible bullish move is expected and a a long term bullish move will be confirmed by the breakout of the red downside channel to the up side