You guys can see that yesterday, an upsurge was seen in an instant. This was due to the reason:
The technical reason was : The liquidity grab as I said previously see the previous target, when it was completed all the stops were triggered and it resulted in upsurge but this huge!!!!. This was due to a fundamental reason and big reason was TRUMP, yes it was him again.
But the trend is the same, which is down if we look at daily. I have already given the next target, as it had already fulfilled the orders in orderblock, which was the grey box above the target. Now the price will consolidate a little and then move to the next target, possibly.
If we look at the moving average of 50, the trend is down, moving average is on our side.
But there is a crucial moment in weekly as its near 50 moving average which could give prices a little support as there will be many stops as well as orders.
The monthly candles are on our side. This month will also be downcandle or possibly nodecision if there is any good news, I don't think the economic tariff is gonna resolve this easily, so we traders can rest easy and go short.
Note: this is my analysis for educational purposes. Hope you will also do your analysis.
The images are from the TradingView platform, and the screenshots are mine.
