Hello there, my fellow traders,
Zoom It To See Clearly.
Yeah, the wedge has been broken, but the price is still above the support and resistance zone. What next? What should you do now? The simple answer is waiting, meaning you have to exercise patience here to see if the price will break and close below this zone and the 1.0583 level before looking for a sell signal. Don't rush.
Fact: the market may experience a short-term pullback before resuming the downward movement. So, just wait to see that the price closes below the zone before selling. If It breaks and closes below it, then look for a selling opportunity in the small timeframe.
Zoom It To See Clearly.
Yeah, the wedge has been broken, but the price is still above the support and resistance zone. What next? What should you do now? The simple answer is waiting, meaning you have to exercise patience here to see if the price will break and close below this zone and the 1.0583 level before looking for a sell signal. Don't rush.
Fact: the market may experience a short-term pullback before resuming the downward movement. So, just wait to see that the price closes below the zone before selling. If It breaks and closes below it, then look for a selling opportunity in the small timeframe.