In a daily chart you can clearly see that it broke support and became a resistance and had a retest around 1.17472. And on the 4 hour chart you can clearly see a doji candle indicating that i will be a buy from here to form a double top at the resistance level. Dont buy it right away at 1.17500 since now there could be a fake breakout to induce buying and will trigger the stop losses. and you can clearly see a double bottom formed in a 4 hour chart to also confirm that the doji candle which is the close 1.16727 will most likely be a buy from here.
Note
ignore this idea
Order cancelled
Note
i meant to say dont get into the sell position right away at 1.17500 since there could be a fake breakout to hunt for liquidity
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.