Hello team , This is a classic pattern of breaking both dynamic and horizontal resistances . The break of the dynamic support zone .clearly shows that there might be a possible change in direction.
the break of the horizontal support line , shows that the bears have a significant presence . both of this are okay but we know we don't participate in the push phase , we need the market to exhaust so that we participate. what we are looking for is the lower time frame for a definitely change in the market to lower lows and lower highs .
Beyond Technical AnalysisChart PatternsNZDJPYsellsetupsupportbreakoutTrend AnalysisTrend Line Break

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