Dot is looking like it is going to reverse here and enter an uptrend on the 4h timeframe. I price will rise to clear the imbalance in the chart which I have identified with a box at the top of my trade.
Entry is at the resistance I have drawn with a box at $16.77
Stop loss is $16.06
TP 1 is $18.00
TP 2 is $18.57
If you have any questions feel free to ask:)
Entry is at the resistance I have drawn with a box at $16.77
Stop loss is $16.06
TP 1 is $18.00
TP 2 is $18.57
If you have any questions feel free to ask:)
Comment:
a 1H candle has closed below the support I had drawn with the box. I would be careful with this trade.