FCPO 2 Sept 2021 : Rejection Support
1. Price rejects strong demand area.
2. M5 have engulfed CS during rejection
Strategy :
1. After M15 and M5 confirmation CS.
2. Place limit order at the neck/50% body CS.
3. SL below rejection level.
2. M5 have engulfed CS during rejection
Strategy :
1. After M15 and M5 confirmation CS.
2. Place limit order at the neck/50% body CS.
3. SL below rejection level.
Related publications
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.