XEM/USD waiting for a bearish move

Looking at the price movement, we can see that it make a bearish breakout below the area that has been active as both support and resistance in the past. We are now waiting for the price to touch this line from beneath. If we get a bearish bounce as a response after that, we consider it as a confirmation of a bearish breakout. In our minds, that means, that the next bigger move should be bearish.

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