It currently broke out bearish the preexisting support structure and created and new support structure my analysis illustrates bullish eventually going for new resistance as analysed in the chart
I agree with you iwasbornrich. It will go up and hit 1.39263 area first and then it will eventually go down to hit 1.33080 area later. It is luring newbies thinking downtrend but not yet.
hamidreza_FX
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The candle that is struck is very strong, I think the downward trend will continue
iwasbornrich
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@hamidreza_FX, I acknowledge your view it helps thats how we grow in this game thanks once again
@hamidreza_FX but if we take a look at 1H tf, you will see almost maribozu candle, and 3 soldier within the strong green candle. I think the retest will be done at least once before it breakdown the line
hamidreza_FX
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@romelciptoadi, In my opinion, an important level has been broken and these reversals do not have the ability to reverse the trend and only mean pullback. good luck
@hamidreza_FX, So from what you are saying looking at the H4 it means the pullback would not go beyond 1.37142 before it goes bearish again...🤔
hamidreza_FX
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@iwasbornrich, Anything can happen and there is nothing definite in technical science, so what is clear is that we need to think more about selling than buying.
It will go up and hit 1.39263 area first and then it will eventually go down to hit 1.33080 area later.
It is luring newbies thinking downtrend but not yet.