Long
PE: Daily price attempts to breakout S/R
Price has found minor support in the Weekly Chart and the daily chart shows a double bottom with a breakout for the first S/R. Now the price is attempting to clear the second S/R.
I will be watching the breakout in H1/H2 Chart and waiting for a retest before considering going long. The previous gap is acting as a resistance at the moment.
Daily
H1
I will be watching the breakout in H1/H2 Chart and waiting for a retest before considering going long. The previous gap is acting as a resistance at the moment.
Daily
H1
Note
Price broke the resistance but it did not show any sign of retest and went down again.I would cancel the trade and wait for another opportunity with a strong breakout and a retest.
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