Change has not yet occured in the bullish scenario but this could change fast if the last dragon fly doji lack of concensus among the buyers.
Observe that we have a channel that as far as now has failed to break trough the 1.5750 zone, and if the 1.5417 zone is broken the projection for this channel breakup is as far as 1.50 which will make a cluster with the previous support zone at the very same level.
Even if in the proccess of breaking the channel (if the price gets to it) do not form any other point to place a secure stop loss the risk reward ratio is about 1.3 using the last high as stop loss place.
Therefore the chances for an increased interest from the bears is to be expected.
Observe that we have a channel that as far as now has failed to break trough the 1.5750 zone, and if the 1.5417 zone is broken the projection for this channel breakup is as far as 1.50 which will make a cluster with the previous support zone at the very same level.
Even if in the proccess of breaking the channel (if the price gets to it) do not form any other point to place a secure stop loss the risk reward ratio is about 1.3 using the last high as stop loss place.
Therefore the chances for an increased interest from the bears is to be expected.