According to the higher time frames, there is a falling channel which is a major indication of the bullish trend.
Now it has reached a major support zone, which is the previous lower low of the channel.
According to the lower time frames, there is a ranging market which might give us the go ahead of either a bullish or bearish momentum.
Let us wait for the price to move further.
Now it has reached a major support zone, which is the previous lower low of the channel.
According to the lower time frames, there is a ranging market which might give us the go ahead of either a bullish or bearish momentum.
Let us wait for the price to move further.
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Entry @1650
It seems the current price movement was a bear trap! Only time will tell.