We had a very strong rejection of resistance today heading all the way down retesting our previous resistance now turned support. Hopefully we continue to see bullish momentum to the upside even breaking past resistance
Break + retest of respected resistance. 1:6rr
Here we have a simple reject or break situation. Personally, if we do get a break, id be looking to get in on the retest if it occurs, to avoid a false breakout. Shift to the lower time frames to refine entries. ALWAYS REMEMBER RISK MANAGEMENT. There are too many people on here looking for a perfect trader/strategy, asking for market direction🤦♂️. Here's a quote...
As you can see on the monthly chart, price broke a well respected trendline and has been very bullish. We should be expecting continued bullish momentum towards upcoming resistance (On lower timeframes price is retracing for now). When and if we reach the highlighted zone, we will then look for a rejection of the zone or a break and possible a retest should the...
Price is approaching the edge of the channel where there is a likelihood of a break. Price has been ranging for the past few days so keep your eyes open for rejction/break. Also make sure you check my profile history for profitable trades and drop a follow...
wait for rejection at resistance on lower time frame