Support and resistance trap the market, forming a left shoulder, then breaking out of the support zone, forming an inverted head. The market now breaks back into the zone; wait for a retest and buy to the resistance. If the market breaks back out of support and closes, wait for a retest and sell at the support area. Collect your losses and look for the next setup.
Trade active
it looks like there was just some pullback, and now heading to the Take Profit zone (resistance) .. let's see how this goes.Trade closed: target reached
I MEAN, AT THIS POINT, PROFIT IS PROFIT. ON THE 4HR TF .. BUT LETS SEE WHERE THIS GOES..
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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.