After looking at the monthly time frame will see that it has been on a downtrend for quite some years now. Now is approaching a major reversal point at the monthly time from after making a doji last week so we should be looking for possible sell entries as from tomorrow if not we waits for it to rise as described in the chart or wait go bullish until the next major support.
Also we could look for possible sell, depending on your type of strategy.
1. Supply and demand analysis
2. SMC.
3. CHART PATTERN +CANDLESTICK
4. NEWS+ PRICEACTION
Note the guys with proper risk management and application of your backtested and good strategies you could place very good trades and this chat description is just an abstract review of the market Direction this week.
I'd appreciate for comments and advise.
Ps ADIKA
Also we could look for possible sell, depending on your type of strategy.
1. Supply and demand analysis
2. SMC.
3. CHART PATTERN +CANDLESTICK
4. NEWS+ PRICEACTION
Note the guys with proper risk management and application of your backtested and good strategies you could place very good trades and this chat description is just an abstract review of the market Direction this week.
I'd appreciate for comments and advise.
Ps ADIKA