Current Market in the 4HR time frame demonstrates that the pair has been Bearish in recent days. The pair has reached the bottom linear level.
However there is still a somewhat of a choppy/ indecision movement and further confluence can considered due to the fact that the pair is significantly low on RSI.
The pair is also approaching a significant zone which has been used as a good support in the last recent months.
It can be predicted that the pair may approach the zone which can then be used as support and be followed up by a bullish movement.
In terms of entry, it should be anticipated for the market to reach the support with a instant execution of a BUY OR await a bullish indication can be anticipated.
However there is still a somewhat of a choppy/ indecision movement and further confluence can considered due to the fact that the pair is significantly low on RSI.
The pair is also approaching a significant zone which has been used as a good support in the last recent months.
It can be predicted that the pair may approach the zone which can then be used as support and be followed up by a bullish movement.
In terms of entry, it should be anticipated for the market to reach the support with a instant execution of a BUY OR await a bullish indication can be anticipated.
Trade closed: stop reached:
Looking for a possible re-entry.
Trade active:
Re-entered.
Trade active