Here we have a perfect example of a Fakeout + Clean Breakout, High Probability trade
There is a certain level that the buyers cannot seem to exceed (Marked as Resistance). However, they are gradually starting to push the price up as evident by the higher lows. After the 3rd touch of ascending trendline, price has made a drop but wasnt able to achive a lower low (buyers waiting for lower price to buy).
Today Price has broken that strong resistance, so we expect price to go up, if we follow the book rules the target will be A-B Distance. Safe Trade
There is a certain level that the buyers cannot seem to exceed (Marked as Resistance). However, they are gradually starting to push the price up as evident by the higher lows. After the 3rd touch of ascending trendline, price has made a drop but wasnt able to achive a lower low (buyers waiting for lower price to buy).
Today Price has broken that strong resistance, so we expect price to go up, if we follow the book rules the target will be A-B Distance. Safe Trade
Comment:
Search for reversal in trend to go bull, now in an area of interest. Im hedging this entry with a previous sell order
Trade active:
Entered at 147 via Bullish BAT completion at 147 + psicologic number + Resistance + Bullish rsi divergence
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