This is a level we expect some up move. it can be bearish retrace, or a complete reversal in this timeframe and a bearish retest of a higher timeframe.
Anyway, its worth to try some bids. (levels on the rightwith red)
So the red line is a daily level, which we need to go back today if we wish to hold a bullish bias on HTF.
stop is 2hr close below the level.
Anyway, its worth to try some bids. (levels on the rightwith red)
So the red line is a daily level, which we need to go back today if we wish to hold a bullish bias on HTF.
stop is 2hr close below the level.
Note
if its too good in a single candle, remember to lock some profits =) we might retest entry, so this way you won't leave money on table : Note
let's zoom in, a possible retrace on 15mins : Note
as expected : 
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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.