We can see in the weekly timeframe, price wasn't able to break the resistance and rejected several times until last week still unable to break the resistance.
Weekly candle also forms pinbar. For entry with candle formation like this we can wait for the price to retrace up to 50 percent which is structure resistant on smaller timeframe.
prepare a sell entry when price come to that level with a stop loss above the previous high / weekly candle
Weekly candle also forms pinbar. For entry with candle formation like this we can wait for the price to retrace up to 50 percent which is structure resistant on smaller timeframe.
prepare a sell entry when price come to that level with a stop loss above the previous high / weekly candle
Trade active
Trade closed: target reached
close half.
SL to BEP for the rest position
Happy Eid Mubarak