Bear Market Daily

Real data perspective, stochastics have a bearish down trend, hasn't broken this trend, giving me the idea to keep looking for short positions.

Until that trend line is broken or a Bull Convergence is formed I don't believe anyone who are going long. Monthly charts also support this idea.

Current prices is at a deep retrace zone which hasn't shown any signs of reversal, so there is no reversal any time soon.

If there is buy opportunities you'll be trading against a major trend and also will be risking your account in buying corrections on the way down.

We may be seeing 1.7200 in the near future.

Happy Hunting.