Actually 50-50 there is potential for prices to go up or down, but by chance it is safer for us to take a buy because of the w pattern, so here I took a buy, for conservative entry wait for a breakout, but if later it looks like a fake breakout has broken out upwards but goes back down then we will stop and reverse to take a sell.
Note
Fakeout, stop and reverse
Trade closed: stop reached
Close due to news
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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.