1) Weekly candle closed below the previous weeks low and protected the previous weeks high, (this is a good indication of bearish market)
2) there was a sell-click or initiation at the origin being the weekly high, to the lowest low, which broke previous swing low.
3) The zones i have marked out in pink, are the sell-zones or supply-zones where the Re-accumulation of sell-orders was transacted at meaning this zone potentially contains sell-orders in the form of pre-set limit orders, price may react to this area if it returns therefore we will look for sells.
if USD goes DOWN, EVERY PAIN GOES UP. I MEAN EVERY PAIN GOES UP.
2) there was a sell-click or initiation at the origin being the weekly high, to the lowest low, which broke previous swing low.
3) The zones i have marked out in pink, are the sell-zones or supply-zones where the Re-accumulation of sell-orders was transacted at meaning this zone potentially contains sell-orders in the form of pre-set limit orders, price may react to this area if it returns therefore we will look for sells.
if USD goes DOWN, EVERY PAIN GOES UP. I MEAN EVERY PAIN GOES UP.