Price reclaimed mid range and is repeatedly testing previous resistance while forming micro high lows
At the range midpoint price formed a demand zone which adds to the support confluence.
If price can close above the resistance level expect range high to be tested.
At the range midpoint price formed a demand zone which adds to the support confluence.
If price can close above the resistance level expect range high to be tested.
Nota
Current 1H Close was nasty, hopefully this pushes price to fillresting bids in support confluence area as there should be liquidity
there. Any HTF closes below mid range 4H + I most likely bail on this
trade as that would make a fifth rejection from the $95xx resistance
Nota
Resting bids filled and now I wait, if price reaches $9540 resistance again, I may move my SL to break even for 50% - 100% of positionNota
4H Close below Mid point. Manually closed this trade and i'm outNota
Now it's usually a break of the level and another candle close below the level to confirm, however based on my RR setup I didn't want to take the chance. Currently the level has been reclaimed, a close above this level on the next 4H candle will confirm this, adding further confluence is the Daily close occurring as well. The down move was rejected of the 50% fib level, its possible to go long here with a SL below the rejection wick, might consider jumping back into the market
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.