Today, I'll give an example of how to trade the Support Resistance Flip or "S/R Flip" in short.
First of all, we can see a clear horizontal resistance that formed earlier. After the resistance has been broken and we see a quick retracement down, this old zone of resistance now forms the logical zone of support.
I expect the support zone to hold and continue the overall slightly upwards trend. A logical exit for this scalp would be on the smaller horizontal support that we found earlier that now might act as a resistance.
Please like this post if you found it useful :)
First of all, we can see a clear horizontal resistance that formed earlier. After the resistance has been broken and we see a quick retracement down, this old zone of resistance now forms the logical zone of support.
I expect the support zone to hold and continue the overall slightly upwards trend. A logical exit for this scalp would be on the smaller horizontal support that we found earlier that now might act as a resistance.
Please like this post if you found it useful :)
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(bắt đầu từ tháng 2 - 2023)
t.me/Vietnam100eyes
(bắt đầu từ tháng 2 - 2023)