We can see a really strong resistance level that's been respected on the 3 charts, 4H, 1D, 1W but price has also been respecting a lovely trend line ( TL ) in an uptrend, Now most retail traders would probably go short because of this resistance but if you look closer all things point to a buy and if we do manage to break such strong resistance we could see a sizeable movement to the upside.
Buying power is far too strong long-term to even consider a long-term short, The current candles on 4H are big and bullish, 1D we have a small bodied bullish candle but with a long lower shadow indicating sellers tried to push price lower but were not strong enough, 1W its only the start of the week but already price has been down and respected our TL.
Short term we could see a retest of our TL on the 4H timeframe, so we will be in a very short term sell... After that we are holding long.
In our long trade we will have a very tight SL, because this is how much we trust our setups, also if things don't go to plan then we have limited losses.. RISK MANAGEMENT IS KEY.
Open your mind and stop thinking 1 dimensional and you will change the way you see charts and the world!
Entry, SL and TP are reserved for our clients, if you are interested in joining our team then give us a message.
P.S if you don't know who Ron Jeremy is Google him... but make sure your partner isn't around haha