So let's start LEARNING. On the chart in the description, we see a good example of a strong resistance line. You can see how the price perfectly touches the given line and then reverses. This line is very important for us today because the price is currently near it.
Next, go to the 4TF chart and see the perfect deal. We put SL above the resistance lines and TP to the nearest support line.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
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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.