We are in the 4-hour time frame. There are the S1 and S2 lines which the price has hit two times. R1 is also the next resistance which the price has touched two times. We are now between the R1 and S1 lines. We can buy when the price either reaches the S1 line or breaks the R1 line. We need to wait and see which side the price goes to. It is very likely for the price to break the R1 line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
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