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Price crossed the mid line and is going to test the higher boundary of the descening channel, also we might have a scenario with price tests the horizontal resistance.
In case there is a confirmed rejection from one of these levels we should expect the retracement and can go short.
Repeat that better wait the confirmed rejection as breakout of the horizontal resistance will bring more upside
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Not a Financial Advice
Price crossed the mid line and is going to test the higher boundary of the descening channel, also we might have a scenario with price tests the horizontal resistance.
In case there is a confirmed rejection from one of these levels we should expect the retracement and can go short.
Repeat that better wait the confirmed rejection as breakout of the horizontal resistance will bring more upside
Leaving a "like" costs nothing and really helps me out; please consider it! It's the #1 thing I look at when deciding to work on future content.
Peace Out!
Not a Financial Advice