Price is at a point of confluence. The long time trend line is crossing the horizontal support, where price is showing preliminary signs of rejection. A break above the previous 4H candle high , and a close, would signal buys, in my view.
What are your thoughts? Leave me a comment, kif you would.
Thank you!
What are your thoughts? Leave me a comment, kif you would.
Thank you!
Note
I would recommend not entering a buy position until after NFP tomorrow. The markets may have volatile and misleading reaction that could affect this trade idea.Also, I am leaning more towards a Daily candle close above resistance, as confirmation, instead of a 4H close.
Note
Went as high as +100 pips! Congrats to those that took the trade! Take your profits and enjoy the weekend!
May pips be upon you!
Note
Did you catch some of this? Let me hear from you in the comments!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.