- Currently in a downtrend, nearing a strong, reliable and longer term demand zone - this suggests a high possibility of a bounce and a move to the upside.
- Many indecision candles on the lower time frames, with some heavy bullish momentum.
- Currently creating a HIGHER LOW
- Price looks exhausted and bullish candlesticks are forming, which indicates to me a move to the upside.
Trade closed: stop reached
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Price is still following the pattern that I thought it would take, I believe I just got into this trade too early...
Price bounced off the trend line and pushed back down to the lower demand zone, as expected. I think price will now move to the upside, break trend and start a bullish run from here!