The support zone broke, now there are three possibilities.
1. Pullback to the support zone and further short moves.
2. The market doesnt't care about the resistance and continues the upward trend.
3. The market falls even lower.
I am waiting till the market shows me which off those possibilities are most likeable
The market is in a stable downward trend, which set back a bit.
The market could continue the downward trend, but there is a problem.
The market is also in a smaller upward trend (yellow and pink)
I think the market will ignore the smaller downward trend, but be aware of this trend.
Even if the market is in a range it doesn't mean there are no trends.
The market is in a downward trend.
I would say the most it can run is 1.04536
I am not a fan from those kind of trades, but they are possible
So even in ranges you can trade trends.
The trend on W1 is up as well as the trend on D1.
This is a very godd opportunity to trade apple.
If two trends show in the same direction , it is likely they continue.
So have a look at apple in the next few weeks.
Google moved a lot since the last low.
I think that Google won't move much higher.
So be careful with long trades.
P.S If you trade on a M5 chart and you are thinking to close your long trade now, notice that this is a weekly chart :D
If we take a look at the large trend on D1 we can clearly notice a downward trend.
We are in a smaller upward trend , but I think we will break this trend in the next few weeks and the downward trend will continue
If the last low breaks I would speculate on a new smaller downward trend
Blue and orange= large trend
light blue and red= smaller...