Great counter trend setup
We can see that this area is a place that support = resistance.It is also a good spot to take a trade because it is not doing the same price action like candles did in that past that would signify that price would blow through this area.
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.