NOTE: (MARKET IS REACTIVE AND NOTE PREDICTIVE) (LIKE AND COMMENT BELOW TO SHARE IDEAS TO SUPPORT )
From a daily perspective we can see market is in a bearish flow.
We can see that price has broken the support zone and may likely retest the support turned resistance as a common pattern of impulse correction impulse.
REMEMBER: THE MARKET MOVES IN WAVES, ALSO NEVER FIGHT THE MARKET AS WE ARE THE SMALLER THAN THE BANKS.
After the retest if that happens we can initiate a short position to the target of the lower box holding the bearish candle.
This will enable the trader to be on a risk free situation.
REMEMBER: MARKET IS REACTIVE AND NOT PREDICTIVE.
Monitor this pair from a 4Hour perspective for entries.
If you have any suggestion, drop in the comment section below.
Comment
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Hello traders, according to the analysis done few days ago we see the retest or the correction is happening.