Price has reached back to the rising support. Waiting on bullish confirmation but safe entry would be on break of trendline. If support is broken then we will have to look for shorting opportunities.
Note
Price has broken trendline support with H4 candle close. But that's not enough to enter sell trades. Wait for retest and bearish confirmation.
Trade active
Price didn't give any bearing signals, instead found support and bounced off it, took a long position after seeing bullish candle signals and currently running 30pips
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.