The price tried to crossed the ongoing down trend but the price can be seen rejecting to cross the down trending channel but there's still a chance of buyers entering into the trade to move the price up, so wait for a price action and if the price closes down the bar then make a short position. Any ideas and suggestion are welcome.
Comment:
The last 4Hour candle did not crossed the zone and closed inside it. So I will not be making any positions now cause there is still a chance of price going up. Now look wait for the 1Hour candle to complete.
Comment:
Get ready to short the position in this candle.A very beautiful lower lows can be seen at the moment. just wait for the candle to close then make an entry. Any suggestions are welcome.