You can see it been strong sell and I believe this might need a little break to become pullback. As you see yellow trend is where current downtrend. This possible breakout, but nothing guarantee yet. Just remember that pink line is our truly downtrend market. You will want to sell it, but the question is WHEN to entry it?
Purple circle is where previous strong support/resistance - this could be our time to pullback (Remember it gotta break the yellow trend then you know it will be buy for short awhile which it might be corrective movement)
I choose to sit back and wait for the purple zone to meet
@Mik3For3x, you well done with a simple analysis. but in this vision, because we can not find support line in short time duration then it is better to use ancillary indic
UnknownUnicorn4762443
⋅
please check Hidden divergence in your IDea
Mik3For3x
⋅
@SEYED98, I hardly use any indicator, but thank for drop in. I checked your EURUSD chart and I can see why you mention Hidden Divergence part. That is something we can prepare for it.