Hello Traders
As you can see price was in an Up trend
Finally Res Zone broke and price went all the way up and then we see a pullback to test the zone to see does it act like a support zone or not?
If you switch to lower time frame like 15m you can see an trend line that is broken now .
my plan is just to wait for the price to come back down and test the line or zone to form a double bottom and then based on lower time frames enter buy trade.
Comment Below if you feel it does not make sense.
As you can see price was in an Up trend
Finally Res Zone broke and price went all the way up and then we see a pullback to test the zone to see does it act like a support zone or not?
If you switch to lower time frame like 15m you can see an trend line that is broken now .
my plan is just to wait for the price to come back down and test the line or zone to form a double bottom and then based on lower time frames enter buy trade.
Comment Below if you feel it does not make sense.
Trade active:
+30 Pips Up for BE
Trade closed: target reached:
first entry with 35 pips closed.