i still believe the price to make support > resistance below the yellow line..after that we will follow the price if it will continue or reverse. good to open sell position at yellow line or above.
OTHER SCENARIO: If price breaks above red line making it a support then short position is void and we will look for buy opportunities when price retest red line and more better yellow line.
>>>>>>>> No trade is perfect, when price action shows uncertainty you have to take position in favor of your bias if the price is at a good spot..after that observe the price action if it goes your way or changes the trend, you might lose a little but once you know the trend has changed then you can recover your loss <<<<<<<
OTHER SCENARIO: If price breaks above red line making it a support then short position is void and we will look for buy opportunities when price retest red line and more better yellow line.
>>>>>>>> No trade is perfect, when price action shows uncertainty you have to take position in favor of your bias if the price is at a good spot..after that observe the price action if it goes your way or changes the trend, you might lose a little but once you know the trend has changed then you can recover your loss <<<<<<<
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