Support zone tested multiple Times
Take a look at the Moving Average from below it almost matches with the support zone which makes it extra "strong" and gives me extra confluence
Now as always we have 2 possible scenarios
1)My favorite is the long here after price gets rejected by the support and the MA
a strong momentum bar to the upside or a nice Pinbar with a hugh wick is needed to drag me into a long
2) price breaks the support AND the MA to the downside this would indicate a short trade for me
I would prefer a strong Bearish candle to convince me to take a short position .
Take a look at the Moving Average from below it almost matches with the support zone which makes it extra "strong" and gives me extra confluence
Now as always we have 2 possible scenarios
1)My favorite is the long here after price gets rejected by the support and the MA
a strong momentum bar to the upside or a nice Pinbar with a hugh wick is needed to drag me into a long
2) price breaks the support AND the MA to the downside this would indicate a short trade for me
I would prefer a strong Bearish candle to convince me to take a short position .