as mentioned before in the higher timeframes it is clear how we still have an uptrend however the thing comes to be interesting wen we get to the smaller timeframes and i find the price breaking through the daily trendline plus making strong movements to the downside by now i wouldnt say it is the begginning of a berish impulse until the market surpasses the 2.0 zone.
so by now ill be just looking for opportunities to go short until that zone also watching close when it gets to the 2.02 zone
the reason for that is that iconsider both as potential zones for a price reversal since the major bullish structure of the market would still be active
so by now ill be just looking for opportunities to go short until that zone also watching close when it gets to the 2.02 zone
the reason for that is that iconsider both as potential zones for a price reversal since the major bullish structure of the market would still be active
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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.