Still new to trading so feedback would be appreciated in the comments section.
Looking for this pair to continue pushing down. As you can see, we are still in a downtrend and the candle has been testing both the trendline and an area of daily support/resistance. The daily candle so far is forming a reversal candle, with a long upper wick, on these two lines, indicating a possible change in direction after this upward push if the candle closes in a similar spot. Looking for price to continue it's bearish momentum until at least the 111.9 area at which point the position will be re-evaluated.
Looking for this pair to continue pushing down. As you can see, we are still in a downtrend and the candle has been testing both the trendline and an area of daily support/resistance. The daily candle so far is forming a reversal candle, with a long upper wick, on these two lines, indicating a possible change in direction after this upward push if the candle closes in a similar spot. Looking for price to continue it's bearish momentum until at least the 111.9 area at which point the position will be re-evaluated.