H4 Retest of broken resistance
Price held firm on the H4 support around 1.34360.
A bullish engulfing candle was formed on the previous H4.
I waited for price to push down for a retest of the broken resistance zone then i took a buy.
A bullish engulfing candle was formed on the previous H4.
I waited for price to push down for a retest of the broken resistance zone then i took a buy.
Trade closed manually
I saw price push down very quickly and panicked so i closed my trade thinking it would go lower but it bounced right of my entry level. I won't be looking at the lower time frames again.
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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.