Context
W1 and D1 remain in a range after large moves in both directions. The H4 recovery stopped below the October high. H1 and M15 show a decline from the latest local highs and falling lows. From the current M15 price, we favour further decline towards two support areas within the H4 range. An H4 close above its upper high would invalidate the scenario.
Research scenario · For independent analysis · Not personal investment advice
Plan conditions
Entry: 157.914 · current M15 price
Target 1: 156.950–157.800 Target 2: 156.050–156.850 The H1 and M15 decline from the local high favours a move towards H4 support. The D1 range allows renewed recovery and limits the thesis.
Invalidation: H4 close above 159.050.