Re-evaluated my analysis longs are in play only if P.A manages to bounce off the trend line (Channel) and take out the previous high, then and only then long positions are valid.
If P.A does break and retest trend shorts are valid when P.a takes out the last low (entering on the continuation.)
If P.A does break and retest trend shorts are valid when P.a takes out the last low (entering on the continuation.)
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Another reason to enter would be waiting for P.A to break out retest the trend line entering on the previous high or low is also valid.