Looking at price slowly trying to push up I can see it going back down into this zone drawn then bouncing back up off the minor support line (Green) and pushing up further after breaking the preceding trend line (red)
If it were to continue on its way down and bounce off the trendline staying in this zone (blue) I may short it for a decent amount of pips as it heads towards the bottom of this zone.
I still consider myself a novice trader so please do not take any trades based on my analysis unless you are confident.
I'm open to all critiques and love to learn from others.
I would next check the JPY index for confluence
If it were to continue on its way down and bounce off the trendline staying in this zone (blue) I may short it for a decent amount of pips as it heads towards the bottom of this zone.
I still consider myself a novice trader so please do not take any trades based on my analysis unless you are confident.
I'm open to all critiques and love to learn from others.
I would next check the JPY index for confluence