Here we have a descending trendline which price has respected, one previous breakout occurred however it was a fake breakout.
We are also seeing lower highs and lower lows forming with price currently making a new lower low at a previous resistance level at - 0.69200 and this is where price began to become bullish and our moving averages were also bullish on the 1H time frame, all giving us extra confluence that price will be making a new lower high and potentially at the trendline.
We are also seeing lower highs and lower lows forming with price currently making a new lower low at a previous resistance level at - 0.69200 and this is where price began to become bullish and our moving averages were also bullish on the 1H time frame, all giving us extra confluence that price will be making a new lower high and potentially at the trendline.