Short and Long Position
If the price goes to resistance level and bounces back then set short position. But If the price continues to go down and touch the support level and bounce bank then set long position. see marked up EP, TP & SL.
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.