Weekly: A strong candle was evident, breaking the neckline 1.17 area of support turned resistance. Indicating strong selling
pressure on perspective. Likely for bearishness to continue till 1.14, then 1.12.
Daily: Price was previously sandwiched between a . My initial plan was to stay only on the long side unless support
was breached. However, i had not enter any positions as i wanted to adopt a wait and see approach. True enough, market has
presented us a clear signal to enter the market with a position.