Once the candle closes below the mentioned level, it gives me the confirmation to enter the trade.
Entering the trade if the candle closes below the mentioned level. AUDUSD and NZDUSD charts are correlated. Therefore a similar pattern will form on both charts.Refer to the NZDUSD daily chart.
Entering short if the candle closes below the mentioned level. AUDUSD and NZDUSD charts are correlated. Therefore, both charts will have a similar formation of the trend. Refer to the previous idea of AUDUSD.
I will enter short if the price closes below the indicated line.
looks like that the price will move further down. Will enter short after confirmation.