Upside momentum is fading and price is back into the neckline.
1200 will be tough nut to crack but lots of downside potential after break.
Avoid: Getting caught in fake breakout. Wait for the confirmed break. Ideally, add to trade on a retest.
Price re-approaching 34.23.
Idea: wait for a fake breakout to the downside and when price reverses back up, enter long.
Avoid: Early entry. Wait for confirmed rejection!
Price approaching important resistance level. Momentum still high and price makes higher highs.
A break can trigger buy, but only with a retest, we get a high probability entry.