Overall Trend shows bearish, price rejection on the 1.25 zone (previous support), bearish candle. awaiting first break of 1.24, 2nd break of 1.23 (confirmation for further downtrend), enter upon retracement with signs of bearish candle. #trendlineanalysis #noindicatorused
Wait for trend line to be respected before shorting or going long. Overall trend shows downwards, but might go long short term before further confirmation if the market continues the downward trend.
LL created, strong pullback on the NY trading session but unable to break previous high. Waiting for further confirmation to create LL before entering a short.
