Oanda clients open position shows 78.3% are longing, this implies a potential further downside.
Secondly, past 2 weeks' candlesticks are very bearish, as there weren't many big bullish candles.
So. I will wait for the market to breakout then retest after 5 candles and short.
Secondly, past 2 weeks' candlesticks are very bearish, as there weren't many big bullish candles.
So. I will wait for the market to breakout then retest after 5 candles and short.
Note
wait for a retestTrade active
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.