SETUP 1: Break and retest of trendline and support. Depending how price forms, this setup may be taken below or above the entry spot shown.
Confirmations: Retest to the trendline or support, doji, engulfing candle. 200ema retest.
TP: Next resistance higher.
SETUP 2: Push lower off the trendline and resistance, 200ema resistance.
Confirmations: Doji, engulfing candle.
TP: Next support.
Confirmations: Retest to the trendline or support, doji, engulfing candle. 200ema retest.
TP: Next resistance higher.
SETUP 2: Push lower off the trendline and resistance, 200ema resistance.
Confirmations: Doji, engulfing candle.
TP: Next support.
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.
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.