we have a break out with volume, but this volume is not enough. Either we will climb up, or we will retrace.
retrace means, we sell all long, and just sit and wait for confirmation short.
There is a middle of Long term Long channel so the price reaction is obvious.
Right now is a chance to open Long position with a very small Sl.
I suggest to use this opportunity as ods to go higher is bigger than to go down, but we need time to see further price action development.
Indicators show that there is a buyer who pushes the price, and there is a limit seller who holds the price.
Don't want to go predictions on which side will win.
retrace means, we sell all long, and just sit and wait for confirmation short.
There is a middle of Long term Long channel so the price reaction is obvious.
Right now is a chance to open Long position with a very small Sl.
I suggest to use this opportunity as ods to go higher is bigger than to go down, but we need time to see further price action development.
Indicators show that there is a buyer who pushes the price, and there is a limit seller who holds the price.
Don't want to go predictions on which side will win.
Trade closed manually:
close it manually. If we go higher will enter again, or will be searching entry point after this correction.
Comment:
we have to wait but there is a big chance that we are going to fulfill red one path.
