NZD CAD Shlong ;-)
For a long and continuation in trend direction I would like to see that price bounce from the s/r zone + the trendline (double confirmation) could be tricky to play but that depends on price action we will see in this area .
Alternative i have the short scenario on my list with a valid break n close below the s/r zone + trendline (again double confirmation) .
But at the moment this looks like a clear uptrend with Higher Highs and Higher lows to me and as long as we stay above s/r zone and TL we have no signs of a shift in trend .
We have Higher Highs and a healthy uptrend now what COULD happen is price breaks down the s/r and TL starts to retest the s/r zone from below gets rejected and shows us the first lower high in a while and a clear sign for a change in trend direction.
But remember this is prediction and we dont want to predict we just want to react to a situation thats why i have always both price directions in my mind and all possible moves i show are just IF THEN scenarios .
Alternative i have the short scenario on my list with a valid break n close below the s/r zone + trendline (again double confirmation) .
But at the moment this looks like a clear uptrend with Higher Highs and Higher lows to me and as long as we stay above s/r zone and TL we have no signs of a shift in trend .
We have Higher Highs and a healthy uptrend now what COULD happen is price breaks down the s/r and TL starts to retest the s/r zone from below gets rejected and shows us the first lower high in a while and a clear sign for a change in trend direction.
But remember this is prediction and we dont want to predict we just want to react to a situation thats why i have always both price directions in my mind and all possible moves i show are just IF THEN scenarios .
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