$FIL
The price is working above the trend line on the 1D, it is not falling: it is building.
This compression phase above is a control structure, where the market decides who stays and who is expelled before the next movement.
On lower timeframes, the price action looks like a bull flag above 0.75: narrow range, contracting volatility, continuous absorption of selling. This is typical behaviour preceding an expansion, not weakness.
What do you think?
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