This looks like a good area for the bulls to move back in and push price higher, as you can see we are currently in a good support zone and also very close to a 4H trendline which will be the 3rd touch. The 3rd touch is most likely to produce a bounce.
I will be adding to my long positions now because we are only a few pips off it so i am not bothered if price does push down to the trendline as i am confident about the overall direction of price. If you try to get these sniper entry's all the time then most the times you miss out! Don't be scared of a little drawdown if you are confident with your setup.
Come have a chat with me if you would like to know anything about trading.
I will be adding to my long positions now because we are only a few pips off it so i am not bothered if price does push down to the trendline as i am confident about the overall direction of price. If you try to get these sniper entry's all the time then most the times you miss out! Don't be scared of a little drawdown if you are confident with your setup.
Come have a chat with me if you would like to know anything about trading.
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.
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.