At this point of moment if it reaches that area it is possible to go either bearish or bullish after the confirmation. Vice Versa at any direction it goes.
Watch out for the pairs and be mindful. Its the basics so I will assume u already know it. Happy Trading! Money management is the key.
@BAMBINOBABI, nope, I mean usd/xxx pairs will be bullish like usd/jpy while pairs xxx/usd like xau/usd will be bearish. That if it will continue rising after the confirmation otherwise vice versa.
KidiKun
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@BAMBINOBABI, in case u meant bullish and bearish, bullish is simply an uptrend means will rise, while bearish is simply an downtrend means going down.