balancing act 
noun
An action or activity that requires a delicate balance between different situations or requirements: he performed a political balancing act, making gestures towards the left as well as the right...
- The balancing act required is a delicate dance between playing the waiting game and taking action.
- Here is a perfect example of the delicate balancing act that is required when making decisions on use of the green belt.
- The present situation demands a delicate balancing act from Martin, too.
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