If the price prints a strong bearish candle and rejects the descending trendline, we will be shorting the pair. On the opposite side, if the price manages to break the trendline, we will be looking for buy positions and aiming for the area drawn on the chart
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.