The newly established 15 minute uptrend and the broken downtrend (red trendline ) indicates that the higher timeframe's (6hr) pink support area is important and that buyers are pushing up from this area. Hopefully we can retrace down to our indicated red area and then continue the upmove, getting a small a 1:1 Risk:Reward winner, as indicated on the chart.
Remember to trade with the probabilities. No single trade determines our performance, we will all have a loser once in a while.
Take care,
TheSupportResistanceTrade
Remember to trade with the probabilities. No single trade determines our performance, we will all have a loser once in a while.
Take care,
TheSupportResistanceTrade
Order cancelled
New leg of the uptrend formed, trade idea cancelled
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.
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.