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Simple plan by just waiting a break of either trend lines (red or yellow).
You can see that we are on this type of looping a long time now a break of the trend line that is holding us down (yellow) and then we make a new high.
If we see a break of the the important trend line (red) that is holding the uptrend it will be a good short to enter, be careful of the fake outs wait for full candle closure and retest of the line before entering the short.
Thank you for reading my post, have a great day, wish you all the best !
Information provided is only educational and should not be used to take action in the market.
Feel free to ask anything in the comments :)
Simple plan by just waiting a break of either trend lines (red or yellow).
You can see that we are on this type of looping a long time now a break of the trend line that is holding us down (yellow) and then we make a new high.
If we see a break of the the important trend line (red) that is holding the uptrend it will be a good short to enter, be careful of the fake outs wait for full candle closure and retest of the line before entering the short.
Thank you for reading my post, have a great day, wish you all the best !
Information provided is only educational and should not be used to take action in the market.
Feel free to ask anything in the comments :)
Trade closed: target reached