as you can see price touches resistance 3 times and he didn't manage to broke through it a lot of traders will take it short but its risky so we will have 2 scenarios here either he broke the resistance along with the upper line and close above them we took our long position or he go back retest the broken down trend and open 1 to 2 green candles we took it long
ps: u can enter your trade at 4h tf if all the rules are met on 4h by at least 1 to 2 green candles as confirmation
ps: u can enter your trade at 4h tf if all the rules are met on 4h by at least 1 to 2 green candles as confirmation
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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.