Looking at green zone for potential turning point for short.
At moment day – day momentum is up so a valid setup has to show price reaction to green zone/top trend line to signal that they are valid resistance.
Two prominent features in this chart:
- Bull trap
- Bearish expansion
Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’. Operates multiple strategies.
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