Its seems someone doesn't want price crossing that yellow zone. Its been defended several times and we are seeing rejection on the daily making a double bottom also showing on the weekly. We take this trade and target the weekly tenkan area which is the blue zone but we put our target slightly below the 16000 round figure price magnet.
Entry: 1 small position @ 14 747
SL: 14 239
TP: 15 950
NB: Risk management is crucial!
Entry: 1 small position @ 14 747
SL: 14 239
TP: 15 950
NB: Risk management is crucial!