After this downfall, it's expected a pullback in order to breathe
It's visible the pressure from Buyers to make the price rise, but Sellers are winning this battle. Stochastic is showing levels of Oversold in this pair
We should be watching for reversal patterns.
In the chart you have an idea of a possible trade. Why enter on the 50% of the previous candle? So, since it's a big bearish candle, if the price come above the 50%,is expected to continue to do it. The 50% of a bearish candle like this is always our point of entry
It's visible the pressure from Buyers to make the price rise, but Sellers are winning this battle. Stochastic is showing levels of Oversold in this pair
We should be watching for reversal patterns.
In the chart you have an idea of a possible trade. Why enter on the 50% of the previous candle? So, since it's a big bearish candle, if the price come above the 50%,is expected to continue to do it. The 50% of a bearish candle like this is always our point of entry