It's quite easy to understand why i believe NJ will be bearish from (77.991) the zone it currently is at to (77.339)
Price is currently at a valid resistance, and having the concept of Resistance in mind
Area 77'991 is the only thing that will and can stop price from progressing upwards.
If Resistance holds, we should expect Collective human thinking and response to take over
If more sellers short their orders at that area, we will see price make a solid move to the downside.
The FOREX MARKET is a volume moving market, he that has the most will do the most
so just pray when you place that sell order, many other traders do the same.
Price is currently at a valid resistance, and having the concept of Resistance in mind
Area 77'991 is the only thing that will and can stop price from progressing upwards.
If Resistance holds, we should expect Collective human thinking and response to take over
If more sellers short their orders at that area, we will see price make a solid move to the downside.
The FOREX MARKET is a volume moving market, he that has the most will do the most
so just pray when you place that sell order, many other traders do the same.