SCENARIO 1
Price changes direction and goes up to 1.6400 zone, if thats the case, we SELL because of the resistance level. We must always wait though for a confirmation pattern or candle and dont rush our entries, i will explain why:
Based on my previous post about EURUSD on the Daily Chart, price actually found support at 1.15000 and it seems to be going bullish. What if we sell and and price changes direction again? We dont want that... (always check higher time frames for confirmation)
SCENARIO 2]
Price doesn't cross 1.16200 major resistance level and continues going down, again, we wait for confirmation while checking higher time frame charts. Again, on the daily chart price seems bullish but on the 1H it's quite the opposite.
Nice. What's your system? Are you using Volume Profile also? Btw thank you for sharing
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