Previous support now turned resistance on monthly time frame. If price begins trading around this area, then I'll begin looking for bear candles on the daily time frame. If I see bear candles on the daily time frame, then I'll move to the 1H time frame and place sell limit orders at previous market levels.
Note
Bear candle posted on the daily time frame.Note
Rough look at entries and stops on 1H time frame.
Related publications
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.
Related publications
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.