Hey guys,
Today based on the chart, we can see a a good rejection of price from a resistance level and finally the uptrend movement on hourly chart, is broken.
So we can conclude that the continuation of bearish movement(in larger scale) would be highly possible.
Based on the on the chart, price has broken a major support area and a pullback on this area has completed. Also we can clearly see that the strength of sellers decreased on this support area(which previously act as resistance) while we can see good rejection which can be a proof of buyers power at this zone.
So based on this this scenario and with considering...
