Happy Tuesday Everyone!

We have a failed breach of our Resistance levels we have been discussing the past few Posts here, as the Risk Appetite Batallion is surely out on the Battlefield!

This brings up an excellent “Textbook” Example of one of my favorite CVJ ”Built-In Lessons”…

 ”Always Being Aware of the Other Side of the Trade”.

Let’s look at the 1-Hour, and then I will comment on the specifics of my thought process here…

Give the Captures a Click, and Post-Time is 2:20 GMT.

What I am referring to here how we can formulate and support a specific Trading View here.

If you are Bullish, and you are on the Field with the Risk Appetite Forces… then you may find your particular Strategy viable here, as the probability for more Buying on the Price corrections here would be in your favor.

Considering where we are back in the Wedge…we will again pick up some of the “Energy” that has been bleeding out of that Area for more “Fuel”, for lack of a better term.

This will give you more propulsive Momentum for another push “north” to breach your Resistance areas after all…and at the same time “Breaking” out of the Wedge for good.

Now… if you are Bearish in your views, you also have several tools in your Weapons Arsenal with the Risk Aversion Warriors on the Battlefield.

 First of all…you have the failed breach of Resistance that we originally spoke of…and the more “failed” attempts, the more “bullish exhaustion” you gain… even if Price does break through.

In most cases, you will have a failed Breakout on your hands…and this is in your favor.

One way this is done is by many having to “cover” their Long positions at this Area so we have less Buying which equates to more Selling.

In other words…we try to climb the mountain and continually slip on rocks that bring us back down!…   

Another aspect supporting your Bearish View is the 4-Hour Downside Channel in the Capture below we have been adhering to for almost two months.

Of course we will check in later for an IntraDay Update…as well as check in with our Dear Mum, The Queen!… as we need to see how Cable is moving along.

Whichever View is the Perspective for you…one thing is always constant on the Field of Battle!

Manage your Risk and Lot size and Leverage… or you will simply be watching the Battle from the sidelines…