Analysing Forex from The Market side & perspective.
The Market trie to continue uptrend then there is a quick downtrend movement happened. It could be a pullback but this one is more deeper than before. It might start a new trend movement or a sideway market. As we can see in the chart that there is no trader positions left at the moment means that The Market needs trading volumes. A big chance that it will be a sideway market for sometimes. While it is looking for a new support level, traders can open buy positions and wait for The Market to look for a new resistance level.
The Market trie to continue uptrend then there is a quick downtrend movement happened. It could be a pullback but this one is more deeper than before. It might start a new trend movement or a sideway market. As we can see in the chart that there is no trader positions left at the moment means that The Market needs trading volumes. A big chance that it will be a sideway market for sometimes. While it is looking for a new support level, traders can open buy positions and wait for The Market to look for a new resistance level.
