Price is currently trading at a previous resistance which is now acting as support. The bullish engulfing candle provides us with a buying signal at current market price as it forms confluence with the SnR level.
Trade active
Trade closed: stop reached
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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.