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Waiting for a correction down in this market soon. I have exited most of my long positions, but do still keep one alive to try time the breakout.
A few points in favor of this idea;
There are two wedges forming inside the daily channel
Upper channel line has already been touched once by last bullish wave.
Bollinger bands are getting very narrow, implying a...
Every price jump within the two channels above is good for holding longer selling positions. The swap on selling this pair is positive now as well, making it profitable to just hold sell positions.
