Correction: Market moves in three cycles. Accumulation, manipulation and expansion. This concept will change how you view the market.
Drills: Hunt for this pattern 10 pairs of 30 each.
Good luck and good trading.
Absorption: Notice the bull candle with high volume ( buyers) but its struggling to run price higher. Most likely the sellers are overwhelming the buyers. If price breaks and closes below 0.90986 ( previous year high- possible resistance) i will be looking to go short.
" Buying opportunity"
Where is the money ( Protective stops resting)? I suspect the market will move lower to run stops on weak longs @ 0.24653 level. I want to see a price rejection after stops have been triggered. As bullish momentum builds, i will hunt for bullish price patterns to get in for a buy.
Good luck. Always do you own due diligence.