Price broken through a resistance level, now pulled back to retest the line, so old resistance turns support? If we get a nice momentum candle to the upside then it will be a good reason to enter.
If the new support doesn't hold, then I will be looking for a break & retest followed by new momentum candle down before going short.
Good luck :)
If the new support doesn't hold, then I will be looking for a break & retest followed by new momentum candle down before going short.
Good luck :)
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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.