still bullish unless
i still believe the price to make resistance > support above the yellow line..after that we will follow the price if it will continue or reverse. good to open buy position at green line or below.
OTHER SCENARIO: If price breaks below red line making it a resistance then long position is void and we will look for sell opportunities when price retest red line and more better green 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 below red line making it a resistance then long position is void and we will look for sell opportunities when price retest red line and more better green 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 <<<<<<<
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.