SETUP 1: Break and retest of resistance.
Entry: Bullish confirmation Candle.
SETUP 2: Resistance.
Entry: Bearish confirmation Candle.
I am more for setup 1 as the 200 ema acted as support and earlier today. Overall trend i see is bullish too so we'd be trading the trend.
Setup 2 is for if price doesn't have the energy to push through resistance. Setup 2 depends on price action.
These setups need the confirmations before entering-major key.
Entry: Bullish confirmation Candle.
SETUP 2: Resistance.
Entry: Bearish confirmation Candle.
I am more for setup 1 as the 200 ema acted as support and earlier today. Overall trend i see is bullish too so we'd be trading the trend.
Setup 2 is for if price doesn't have the energy to push through resistance. Setup 2 depends on price action.
These setups need the confirmations before entering-major key.
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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.