This is a level we expect some up move. it can be bearish retrace, or a complete reversal in this timeframe and a bearish retest of a higher timeframe. Anyway, its worth to try some bids. (levels on the rightwith red)
So the red line is a daily level, which we need to go back today if we wish to hold a bullish bias on HTF.
stop is 2hr close below the level.
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if its too good in a single candle, remember to lock some profits =) we might retest entry, so this way you won't leave money on table :