Hello, I’ve started learning Forex a few days ago and I tried to analyze this graph. But it’s somewhat confusing to me.
The trendline is going up but then we have one bullish candle, a shooting star and one tall bearish candle.
At the same time, it creates lower high and lower low after a consistent series of higher highs and higher lows.
That should suggest that reversal is coming. Why it didn’t continue in a downtrend? Did it reach a support level and bounced off?
(lower high and lower low in blue rectangles)
Thanks for any help
The trendline is going up but then we have one bullish candle, a shooting star and one tall bearish candle.
At the same time, it creates lower high and lower low after a consistent series of higher highs and higher lows.
That should suggest that reversal is coming. Why it didn’t continue in a downtrend? Did it reach a support level and bounced off?
(lower high and lower low in blue rectangles)
Thanks for any help
