Wait for it to retest that support zone and enter the trade. But let’s see how the daily candlestick close.
If it fails to break the support zone, we enter the trade as a BUY entry.
If it breaks the support zone to retest that trend line, it will be a second entry to the first BUY entry.
If it breaks both the support zone and the trend line, it will be a false breakout and then we SELL.
My Bias is strongly a BUY entry from that support zone.
If it fails to break the support zone, we enter the trade as a BUY entry.
If it breaks the support zone to retest that trend line, it will be a second entry to the first BUY entry.
If it breaks both the support zone and the trend line, it will be a false breakout and then we SELL.
My Bias is strongly a BUY entry from that support zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.