We have taken profit from our trade long to resistance, and now wait to see if price breaks through support or bounces back upwards.
Interestingly, the 200 MA is sitting near the at the moment adding an extra layer of buyer demand.
However, with the overall daily trend being , we find it more probable of a break downwards.
We await confirmation.
Trade the range
Trade the M formation
Trade the breakout on either side
If you are trading on 15M, trade the range or wait for a breakout.