Price action shown that bearish trend is slowing down because of currently the price is at key level where we can see from previous week,price react from this level as a resistance and then breaking the level thus making a huge impulse move, now price should retrace enough and this level can be a new support level which making a new higher low structure.
This key level provide us a good risk to reward trade opportunities since this price action occurs on higher timeframe.
Anyways, trade at your own risk as this is only a technical perspective and dont take this idea blindly.
Keep calm and stay safe :)
This key level provide us a good risk to reward trade opportunities since this price action occurs on higher timeframe.
Anyways, trade at your own risk as this is only a technical perspective and dont take this idea blindly.
Keep calm and stay safe :)