Long-term trend is strongly bearish but we could take good mid-term profits in corrections. We could take even more profit if a reversal happens.
1- At top of the cloud.
2- Creation of a ascending channel is possible.
3- Far enough from the bearish trendline .
4- A strong resistance is broken and intersects the top of cloud.
It seems smart money is trying to make retail traders SLs hit!
Levels are drawn regarding bottom of the cloud and touching range of the cloud and the TP3 is about 50% of the impulsive ling-term mid which is a possible correction.
Enter a long position!
Take some profits on levels and follow the signal for more instructions.
1- At top of the cloud.
2- Creation of a ascending channel is possible.
3- Far enough from the bearish trendline .
4- A strong resistance is broken and intersects the top of cloud.
It seems smart money is trying to make retail traders SLs hit!
Levels are drawn regarding bottom of the cloud and touching range of the cloud and the TP3 is about 50% of the impulsive ling-term mid which is a possible correction.
Enter a long position!
Take some profits on levels and follow the signal for more instructions.