As soon as demand line is crossed is when I get on high alert and admit that we're in a bear market.
If we make a lower low, then I'm in bear mode.
But why go crazy right now and try to guess these things?
No ticker-tape reader ever did that.
I find CHFJPY in quite an awkward spot at the moment, squeezed and sandwiched. Deciding if it shall go up or down.
There is no clear liquidity to me except the ones below I've marked out.
I'll only take these entries if there is absorption, sellers fade and buyers step in.
The price might also take off north from where it is right now. Wouldn't surprise me.