Imagine a Bear invited you to a party. It claims to throw the greatest party in Wall Street history with its superb bear guests. Free Beer, Steak and even giveaways. You decide to go to that great party. You knock on the door. And BOOM. BULLS EVERYWHERE!! They punched you in the face and left you emptypocked on the sidewalk. One day later Bear sent another invitation to its party and promised there is no Bull at the party. Would you go to its party?
EAT MY SHORTS BEAR
Jokes aside :)
We are approaching a strong resistance which could lead to a turn to the downside. Waiting for price action to confirm a possible turn and therefore entry. Stop Loss should be higher than strong resistance and Take Profit can be splitt in 2 or 3 Targets.