- Price last candle close over resitence zone in H1 which is expected to turn into support zone
- Price is slowly closing over resitence zone in H4 which is expected to turn into support zone
- Price is expected to retest both resistence zone which should be now used as support zone
- Price is on a uptrend and the trend is your friend
- We can observe a trendline breakout as well
- Great risk/ reward ratio 1 : 3.84
*Eduction purpose only
- Price is slowly closing over resitence zone in H4 which is expected to turn into support zone
- Price is expected to retest both resistence zone which should be now used as support zone
- Price is on a uptrend and the trend is your friend
- We can observe a trendline breakout as well
- Great risk/ reward ratio 1 : 3.84
*Eduction purpose only
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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.