Market structure: Uptrend, price might retest previous resistance turn support
Setup: False Break/ Retest previous resistance turn support
False Break candlestick pattern: Hammer / Bullish engulfing
To look for trading opportunities when price retest previous resistance turn support at around 361.00 area.
Stop loss: 1 ATR stop loss taking reference from the retest
Take profit: Swing High around 484.30 area
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Setup: False Break/ Retest previous resistance turn support
False Break candlestick pattern: Hammer / Bullish engulfing
To look for trading opportunities when price retest previous resistance turn support at around 361.00 area.
Stop loss: 1 ATR stop loss taking reference from the retest
Take profit: Swing High around 484.30 area
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Comment:
Bullish candle stick occur
Trade active
Trade closed: stop reached