We saw price break resistance, retest, and move bullish. we entered on the close of the 1 hour confirmation candle and placed stops below resistance level 1:4 risk reward
Really simple support zone here. we will wait for the candles to confirm direction and then enter short if it breaks resistance or enter long if it is rejected by resistance.
We see a respected support and price has been rejected once again now on the retracement we can use Fib to look for a 0.5 entry. Then a continuations to the down side. another confirmation is a high RSI value
We saw a break in resistance (the rectangle) and now we will wait to see the retest on the resistance. If it breaks through it will continue the down trend. if it retests and becomes support then we will get in long.
