After pipping out a H4 swing high, price is taking a respite for the last week and coming to potential buy areas for one more potential leg up.
One possibility is the current swing uptrend line with a 15min choch in place
The other would be at discounted area for a late break and retest of resistance turn support.
Lots of resting sell liquidity waiting to be taken out above.
Just my 2cents, trade with your own risk and money management.
One possibility is the current swing uptrend line with a 15min choch in place
The other would be at discounted area for a late break and retest of resistance turn support.
Lots of resting sell liquidity waiting to be taken out above.
Just my 2cents, trade with your own risk and money management.
Note
Trade still active albeit almost stopped out. If so, then we find the entry at the next opportunity marked on the chartsTrade active
First trade stopped outSecond trade triggered at wick
Trade active
TP1: 1.09450TP2: 1.1016
SL: 1.0834
Trade closed: stop reached
Trade stopped out
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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.