THIO88
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since Apr 12, 2021
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Refer to image: setup for long position and potential sell position
2
Break/Retest strategy. Broke key support level. Waited for a retest the key level. 1hour/30mins shows signs of upward price rejection.
2
Note: 4hour, 1hour Price traveling below 100SMA Key support level break. Only take a trade if there is a strong volume to push the price down. If not, abort mission. Stop lost placed above Vwap (which is in between the Support and Resistance level). 1 Risk : 2.5 Reward.
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Higher/Highs created. Key zone is being tested as a support. Long position if 1hour close above wicks rejection. Price falls before Zone no trade.
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