Zoom in. On the lower time frames it's clear that we approached the bottom of structure structurally and correctively. Take a short 100 times on the exact same setup and you'll lose money.
FXKing009
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@StewySongs, If you look at the chart you can see that I have drawn a red line indicating a pullback, I should have written this in the comments
omeeishrak
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@FXKing009 You are right, if you check closely the price seems to be kinda respecting the 200 EMA. So, there will be a pull back (towards 200 EMA). Then according to price action we can understand if we are to short after the pullpack. However, even without seeing price action there is a higher probability of the price dipping again after touching 200 EMA.