Trend trading are quite popular among the trading community. It is in every book that mention the Trend is your friend. Lets do some Myth Buster. Currently We are in a Down trend on the EURUSD and hence Bearish bias, WE look for ONLY supply or fresh supply.
I will start Finding supplies and for sure will find one in a down trend. May it be in a smaller time frame or larger. Here is a 30 minute chart. I am putting a sell limit order.
The approach in Price is stronger, looking at the lower time frame a potential least path resistant.
At the time of writing , the price is very close by and is about to get filled in.
What do you think will happen and how far will it go ?