Refer to image: setup for long position and potential sell position
Break/Retest strategy. Broke key support level. Waited for a retest the key level. 1hour/30mins shows signs of upward price rejection.
Note: 4hour, 1hour Price traveling below 100SMA Key support level break. Only take a trade if there is a strong volume to push the price down. If not, abort mission. Stop lost placed above Vwap (which is in between the Support and Resistance level). 1 Risk : 2.5 Reward.
Higher/Highs created. Key zone is being tested as a support. Long position if 1hour close above wicks rejection. Price falls before Zone no trade.