The price has break the trend line.
we can open long position or wait for the price show rejection on support area, then we can open short position.
Disclaimer, It's just my personal idea not financial advice, please trade wisely and use money management.
The price will hit the trend line, find the confirmation candle on lower time frame.
Enter short trade when the price show exhaustion or rejection wick candle.
Leave the trade when the price break through.
Disclaimer, It's just my personal idea not financial advice, please trade wisely and use money management,
There's 3 posibilities in this chart.
-The price may break the trend line and hit support area
-The price may reverse on the trendline and pullback at resistance area
- The price may reverse on the trendline and break the resistance area and continue the bullish
Disclaimer, Confirm the entry with price action or reversal
Watch carefully for price rejection, when it fail to break the trend line, open sell position. But if the price break the trend line, wait for reversal on trend line or support area.
put stop loss at 1794 price and take 1:2 or 1:3 reward ratio
Disclaimer, the price may reverse on lower low trend line, watch for price action pattern
