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Price broke a strong multi week resistance level thats been retested multiple times on the 4hr chart. The breakout was fulled with high volume and on the pullback the candles and the volume does not signal that sellers have the strength to push price lower. A formation of a hammer candle marks our entry. Stops is 1ATR below the lows and tp is before the recent high.
Price broke a strong multi week resistance level thats been retested multiple times on the 4hr chart. The breakout was fulled with high volume and on the pullback the candles and the volume does not signal that sellers have the strength to push price lower. A formation of a hammer candle marks our entry. Stops is 1ATR below the lows and tp is before the recent high.
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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.