Either it hits the line and drops. if so then we drop to 4hr and look for entry e.g first engulfing candle.
Or it goes beyond our line and we leave the trade.
Or it goes beyond our line and we leave the trade.
Note
TP Was SMashed
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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.