I am not a professional trader and i don't trade crypto.
My view:
Currently, price is respecting the trendline and looks like it is bias to the bear side(Look for shorting opportunity).However, if price is able to break and close above trendline then bull might be in control (look for buying opportunity).
I am not a Professional trader and this is not a trading signal. It is just a trade that i entered.
My reason for entry:
-price rejected support multiple times and produced a pinbar.
Intraday/Swing
The role reversal area might provide a good opportunity to long-usdjpy. But that also depends on the market either it will respect it or break it and go lower to next support area.
My understanding of market structures.
1.Market structures are swing points (swing High and swing low on the chart).
2.They can be used to define trend
uptrend- when market is making Higher Highs and Higher Lows consecutively
downtrend-when market makes Lower Highs and lower lows consecutively
In the XAUUSD chart,
Market is constantly making higher highs and...
