It has tried a breakthrough at point A where the price action wasn't strong enough to break through. It then tries again at point B to which it fails and then takes a big dip. It then rises back up to retest the resistance at point C in which it gives a false break out. Now for a 4th time were re approaching the , however, we have Divergence on the histogram and the signifying a decrease in strength of the price action. This will be a good short trade. Ill, release a second analysis when I believe the short trade will be ready to enter. If this does break through then the trade becomes invalid and this then becomes a long trade. Always wait for confirmation. never enter early. Additionally, make sure that the money you lose on your stop is only 1-2% of your account.
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