Hey Traders,
Looking Left we can see price broke those levels of support in order 1 (Most recent) to 4(Oldest) Signaling a shift in Trend. So what we can assume is that price will come back to previous support and which is now resistance and continue in new trend. We can long the Complex pull back up to resistance to Stop and Reverse to a Trend Continuation Move. Targets and stops can be made around structure, ATR whatever you trade or have tested.
Like always if you have any questions, comment below, follow us on social media !
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Looking Left we can see price broke those levels of support in order 1 (Most recent) to 4(Oldest) Signaling a shift in Trend. So what we can assume is that price will come back to previous support and which is now resistance and continue in new trend. We can long the Complex pull back up to resistance to Stop and Reverse to a Trend Continuation Move. Targets and stops can be made around structure, ATR whatever you trade or have tested.
Like always if you have any questions, comment below, follow us on social media !
Follow us on Instagram: TheAlcoveFx
Follow us on Periscope: TheAlcoveFx
Follow us on Youtube: youtube.com/channel/UCmcUTRjA4YqOQdu_MAY1afg
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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.
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.