Overall market structure is bearish and as we look into the current price action it's retracing on the higher timeframe that's why it is bullish on the lower timeframe. But we are more into bearish positions since we can see bearish trend in the bigger picture.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.