The most recent weekly candle close below the previous candle. This pair may continue falling. I'll be waiting for price to return to trading around 86.218 before considering trading.
If price does return to 86.218, then I'll be waiting on the 4H time frame for a 4H candle close below a previous 4H candle.
If a 4H candle closes below a previous 4H candle, then I will attempt to make entry if price pulls back to previous 4H candle low using the 1 minute chart levels around that low.
If price does return to 86.218, then I'll be waiting on the 4H time frame for a 4H candle close below a previous 4H candle.
If a 4H candle closes below a previous 4H candle, then I will attempt to make entry if price pulls back to previous 4H candle low using the 1 minute chart levels around that low.
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Current 4H chart. Waiting for price to return to the light red line before considering trading. In addition to price returning to the light red line, I'll need to see 4H candle close below a previous candle low.
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Correction: This is EURGBP. Price to watch is 0.86218.