Update … during the afternoon I did not take any trade because I was out of my trading station, however I would like to point out something as an observation … after the price broke the LSL, the Supply line must be redrawn (Fuchsia line); look what happened after the price went to test the new Supply line, area that also matches with the LSH zone, it seems that the buyers wanted to know if they would have enough strength in order to take the upper hand in the market, however the fail once again, and one could use the same thought frame that was used during the morning to establish an Hypothesis and play a possible failed break out, looking for short positions …. Of course by now …everything said is in Hindsight but I think is important to keep a record about this behavior… look the green circle.
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