Simple rule for me: Trade what you see, not what you want the market to do.
And right now, I see the price at the lower boundary of an ascending channel, which is a good buy setup in my opinion.
And right now, I see the price at the lower boundary of an ascending channel, which is a good buy setup in my opinion.
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Price is dropping... The market changes and we must adapt to it and not keep our bias even though the market is doing something else.
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Until then, let's be patient and see how this plays out. However I'm starting to lean towards the bears.