At the moment, the trading instrument has probably entered a correctional phase, which is evidenced by the formed pool of liquidity below, which the market needs to absorb, but the structure of the instrument is still ascending.
Based on my vision of the market, I can add the following, in order for the price to continue its downward movement, market participants need to increase sales volumes in the premium zone, which starts above the 1.10000 price mark, which, I believe, will be reflected in the price chart in the form of an increase in price, where we will enter the market to sell.
Entry into positions is carried out only when a confirming pattern is formed.
Dear friends, if you have any questions about the description, please write in the comments.
Based on my vision of the market, I can add the following, in order for the price to continue its downward movement, market participants need to increase sales volumes in the premium zone, which starts above the 1.10000 price mark, which, I believe, will be reflected in the price chart in the form of an increase in price, where we will enter the market to sell.
Entry into positions is carried out only when a confirming pattern is formed.
Dear friends, if you have any questions about the description, please write in the comments.
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👉 t.me/forexexrate
🔸 Торговые идеи и сигналы
🔸 Обучение стратегии
🔸 Новости
🚀 Всем профита!