On timeframes >= H1 we are on a bull run.
On timeframes < H1 we can see that we've broken structure by violating a minor resistance line towards the upside of our trend channel.
It has been retested and appears to be working as a new resistance.
Longs can be placed with SL in line with wicks of most recent retests.
Personally I'm going to set one up for the scalp and another to ride the trend.
~1:2 RRR
On timeframes < H1 we can see that we've broken structure by violating a minor resistance line towards the upside of our trend channel.
It has been retested and appears to be working as a new resistance.
Longs can be placed with SL in line with wicks of most recent retests.
Personally I'm going to set one up for the scalp and another to ride the trend.
~1:2 RRR
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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.