Break and possible re-test of bottom of descending parallel channel. Previous trade was a buy which has been closed at this level. Expecting nice price action and volume to take it to the downside to at least the support level which is a historical low for this pair, should the conditions for the trade meet. Circle highlighted was a market gap that was only filled by wicks, but now it has been filled properly.
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Monthly view of whole market:
Weekly view of parallel channel (it is even though it doesn't look it):
4H view showing gap and decreasing volume as the movement was bullish:
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