Retesting broken resistance level.
Long position - looking for wick rejection prevent price to fall below.
Short position - if key level breaks below creates a new lower lowers and retest as a resistance level as a lower high.
Long position - looking for wick rejection prevent price to fall below.
Short position - if key level breaks below creates a new lower lowers and retest as a resistance level as a lower high.
Comment:
Still bullish on this trade. Remember that the resistance level is just a estimated price range. If price shows any rejection that prevent it from falling, I will take a long position.
Comment:
I have taken a long position