Resistance
Lets see what Resistance level does.
If it breaks out convincingly then long would be best.
If it retraces we should look at price action, With little bearish momentum take profit at support, with more bearish momentum see if support levels can be broken for bearish reversal on a longer timeframe.
Be sure to monitor a short, since the trend is still bullish right now.
If it breaks out convincingly then long would be best.
If it retraces we should look at price action, With little bearish momentum take profit at support, with more bearish momentum see if support levels can be broken for bearish reversal on a longer timeframe.
Be sure to monitor a short, since the trend is still bullish right now.
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