FCPO 7 Oct 2021 : Entry Setup Fail Break Resistance
Updated
Reason Entry :
1. Price reject and unable to break high resistance area 4x
2. Near Gann level.
Resistance Setup :
1. Small resistance level establish when price failed to break for 2x
2. Resistance confirmation when big volume + big body CS appear to fail to break the resistance
3. Resistance confirmation when price break below after big CS.
Supposedly add into setup :
1. Bearish engulf
2. Fake breakout
Win 41 points.
Risk 21 point.
1. Price reject and unable to break high resistance area 4x
2. Near Gann level.
Resistance Setup :
1. Small resistance level establish when price failed to break for 2x
2. Resistance confirmation when big volume + big body CS appear to fail to break the resistance
3. Resistance confirmation when price break below after big CS.
Supposedly add into setup :
1. Bearish engulf
2. Fake breakout
Win 41 points.
Risk 21 point.
Note
Related publications
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.