this is a trade which formed late last week and followed through at the open of the Market
M - market could not break daily resutance to the upside and sold off. Market is currently in a down trend on both 4hr and 1hr
A - price broke through a previous support now turned resistance and has not retested the same zone twice
E - entry on Engulging. Pin bar or rejection candle at area of value
E -exit on lows of previous price action
M - market could not break daily resutance to the upside and sold off. Market is currently in a down trend on both 4hr and 1hr
A - price broke through a previous support now turned resistance and has not retested the same zone twice
E - entry on Engulging. Pin bar or rejection candle at area of value
E -exit on lows of previous price action
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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.