While some traders are looking to go long, due to some powerful impulsive candles on M15 timeframe, others are also maintaining steeze to remain bearish, claiming they are following the trend. Now this is confusing, but what do you do? Let’s weigh opinions, and options. That is why we are here.

Using lower timeframe for analysis, trendline break favour the buyers, but when it comes to the higher timeframe, trendline breaks favour the sellers. What will you do? Simple answer, according to what your mentor has taught you, choose your way.

Using pure price action patterns, there has been several break of structures(BOS/BMS) to the downside, hence favouring the downtrend, and giving the sellers the upper hand.

Using candlestick patterns from our learning/knowledge of the candlestick bible, there’s been a powerful bearish engulfing candle on the zone. Also taking momentum into play, the powerful bullish momentum has reduced drastically while approaching the zone. Could this be a sign favouring the sellers?