H4 Rejection of 137.000
Price pushed up to the H4 resistance around 137.000 then rejected this level.
A new H4 candle opened and pushed up for liquidity, tapped 136.980 then dropped down to 136.670 which was a 30 minute support.
H1 rejected the support @ 136.670 and is currently forming a liquidity wick to push further down based on the H4 levels. My next target is 136.470 which is a H4 support level.
If this level breaks, i see price potentially pushing down to 136.200 which is another H4 support before pushing up to the weekly resistance/ supply zone around 138.000-138.200.
A new H4 candle opened and pushed up for liquidity, tapped 136.980 then dropped down to 136.670 which was a 30 minute support.
H1 rejected the support @ 136.670 and is currently forming a liquidity wick to push further down based on the H4 levels. My next target is 136.470 which is a H4 support level.
If this level breaks, i see price potentially pushing down to 136.200 which is another H4 support before pushing up to the weekly resistance/ supply zone around 138.000-138.200.
Note
Set my trade to +2 pips above break even just in case gj does what it always does.Trade closed manually
Closed the trade for +7 pips, looks like i'm not going to get a clean setup that i want.
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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.