Hello Traders
As You Can See Price Came Back Up After A Big Down Trend Reached To The Resistance Zone Twice But Could Not Break It But In The End Its Broken Now. Also there Is a Trend Line That Can Make The Price Go Down Because as you can see there were two fake out befroe that reached this line and if we consider this trend line the odds of going more down goes higher.
In The End I Look For Price To Go More Down To Show Me Some Bearish Movement And After Test I Will Go Short And If It Doesnt Happen I Dont Take This Trade.
As You Can See Price Came Back Up After A Big Down Trend Reached To The Resistance Zone Twice But Could Not Break It But In The End Its Broken Now. Also there Is a Trend Line That Can Make The Price Go Down Because as you can see there were two fake out befroe that reached this line and if we consider this trend line the odds of going more down goes higher.
In The End I Look For Price To Go More Down To Show Me Some Bearish Movement And After Test I Will Go Short And If It Doesnt Happen I Dont Take This Trade.
Always look on lower time frames to find good entries.
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