At first glance, the first thing you can see when looking at the chart is that it has been bearish for some time now. From the zone highlighted ,we can see that on the left the market established a resistance. .fast forward to where the market is now, the probability of a support & resistance switchover is eminent.
Market moves: currently I do not see any urgency to execute, the best move is to sit on your hands and wait for the Monthly candle to close which will give us an idea as to where the market is going. If the monthly chart closes bullish, that would solicit a reversal. If the monthly chart closes bearish, that would solicit a continuation.
No trade at the moment, we will come back to it next month.
Market moves: currently I do not see any urgency to execute, the best move is to sit on your hands and wait for the Monthly candle to close which will give us an idea as to where the market is going. If the monthly chart closes bullish, that would solicit a reversal. If the monthly chart closes bearish, that would solicit a continuation.
No trade at the moment, we will come back to it next month.