Well as we all know we mentioned about danger zone(sell off area) from our last update, so far so good the zone held so fine, but the question is for how long will price will keep getting rejected from this danger zone.
This lead us to the idea of as we all know its all about top and bottom of the channel with price keep within.
From the chart I showcase line, these lines are important level to keep an eyes on should in case price move towards them.
My trading plan right now is to wait to short again from the danger zone with a tight stop loss and if this stop hit, the whole plan will CHANGE to long the re-test of the danger zone.
Best long entry remain the blue marked zone from the chart.
Thanks for reading through my update as all the targets were clearly shown on the chart.
Kindly go through the chart and do leave us your comments to let us know how you feel about our view,
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