We can see based on previous price action that once the red area has been broken price falls to the support level highlighted at the bottom of the chart
Price has broken its daily trend line and came up for a retest
We are looking for a BEARISH candle to break the support zone so we can take a short position
On the 4hr TF and the daily TF, we can see divergence which indicates a change in trend is possible
Price has broken its daily trend line and came up for a retest
We are looking for a BEARISH candle to break the support zone so we can take a short position
On the 4hr TF and the daily TF, we can see divergence which indicates a change in trend is possible