The price ran the daily swing liquidity but failed to close below, showing a strong rejection after the liquidity grab. It created a 4H demand zone, and the price tested this zone with another strong rejection. Recently, we broke the bearish trendline, followed by a retest.
I entered the trade at the trendline bounce and am targeting new highs.
SL: $2.97 (Daily close below)
TP: $3.95 (ATH)
I entered the trade at the trendline bounce and am targeting new highs.
SL: $2.97 (Daily close below)
TP: $3.95 (ATH)
Trade active
We got another rejection from the 4H demand zone. Right now we are going for ATH.Trade closed: target reached
Perfect trade. As always
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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.