In this eurusd pair the chat clearly shows that the trend is bearish making consistent a lows and highs. I drew daily structure to indicate price action and how the candlestick would react in every zone it reach.
The retracement on the 60% level indicates how the market would react making consistent bounce predicting that the market will continue go into trend in the downside respecting its previous zone.
The retracement on the 60% level indicates how the market would react making consistent bounce predicting that the market will continue go into trend in the downside respecting its previous zone.