Overall trend is bearish but then the current price action is trying to reverse and be bullish. Now we then wait for a rejection on the support to target the previous key level. But then if it happens to break below the support then we are bearish.
We can clearly see that the price is now reversing and being bullish. So we are more interested to long this pair and wait for the price to do a pullback before placing a trade.
As we can see for the current price action we may find bullish movement of the market but then a possible rejection from the previous support that would act now as a resistance. So if we are going to long this one wait for price to break above then enter on retest.
Overall structure is bearish but we are nearly approaching the weekly low where we might see a reaction of the market. So for us to short this one we needed to have a bearish candle close below this low. Or to long this pair is to wait for bullish engulfing candle.
Price keeps on rejecting the downside so we need more confluences where the price is going so either a bullish engulfing or a bearish one.
Now that the price is showing us weakness and would retest the previous key level then we are more interested in long positions.
Still waiting for the price to retest from the previous support that would act now as the resistance level. Just be patient waiting but if price already went down towards the weekly low then don't chase it.
Price is now reacting at the support level so wait for the 4h candle to close bullish as an engulfing candle then we are ready to long this pair. But if not then wait for more confirmations.
As the price rejected the support level we could expect bullish movement in this session but there's a possibility that it could break the support too so be patient. Wait for confirmations before placing a trade.
Price could retest the previous support that would act as a resistance now. But it could be bearish now and target the weekly low so don't chase it no FOMO so just keep an eye on this pair.
As our last week analysis played out we are still bearish with this pair since the market structure still showing us bearishness of the market. So wait for confirmations before shorting this pair.
Market structure has been bearish and now broken so many levels so we can wait for a retest or just ride the bearish impulse then target the next key level.
Price is currently trading at the resistance level and we might find multiple of rejections from that area. So we wait for rejection before shorting this pair. But then a breakout to the upside could happen since we have a weekly high to target.
In overall bias we are bearish but the price is retracing so we can be short term bullish to retest the previous resistance. But if price didn't have enough volume to push the price we can wait for a break and retest at the support level.
The market structure now is reversing and it's being bullish. So as it transitioned we can ride the bullish impulse or wait for a retest since a break of structure happened.
The price already breaks the support level so we can wait for the market to retest it or ride the bearish impulse then target the weekly low.
This pair started its week by opening at the resistance so we could possibly see a rejection from it. But a breakout is also possible since a weekly high is a target for the buyers. So just wait for its reaction and be patient.
As the price opens at the support level we then wait for its reaction. Either a rejection to target the previous resistance or a break below then enter short on a retest.