So, the priority we have for sell orders, but the price is at a minimum of the movement, therefore we have to wait for an upward correction for more profitable entry into the market. With a further descending movement is necessary to pay attention to the upper line of the black channel, from this line we can have a pullback even up to the upper line of the red...
Definitely trading against the trend – is a suicide, and it is pointing down and hardly gives retracements. So talking about buy orders is early, at least we should consider buying orders after the breakout of brown channel..
But if the price does not go above the orange channel (does not return into it), we only shoud consider sell orders. Especially after the...
Wednesday - black candle with a long tail in the bottom, thats why we got today a retracement.
Breakout of brown channel - the way to the red trend line and the gray line will open.
But also is possible to go down. To this happn is necessary that h4 candle closes below the lavander channel.
