Although still acting in a bullish trend, the price is lacking a good retest or pullback to test the price below near the demand line.
There is a good chance that it will reflect from the supply zone but allow good confirmation candles to take place as it is important especially in the 5 and 15 mins time frame.
Put stop-loss above the resistance formed, and apply a good 3 RR at least.
No more than 0.5% risk per trade, control risk management very strictly.
There is a good chance that it will reflect from the supply zone but allow good confirmation candles to take place as it is important especially in the 5 and 15 mins time frame.
Put stop-loss above the resistance formed, and apply a good 3 RR at least.
No more than 0.5% risk per trade, control risk management very strictly.
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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.