The price has retraced from the 4h resistance zone 4HR1. Now it has hit the 4h support zone 4HS1. This can be our entry for the long trade. I expect the price to break 4h resistance 4HR1 on this attempt. Therefore lets target 4h resistance zone 4HR2 for this long trade. This resistance sits around 31166-31236.
ノート
The price hit the 4h resistance 4HR2 and that was also the target of our long trade. We talked about the price breaking the 4h resistance 4HR1 this time and that indeed happened. The price was once more rejected from 4HR1 after our entry and once again found the support at our entry at 4h support 4HS1 only thi time to bounce from there and break 4HR1 and reach to our target. The price has experienced pullback from there and we can see the resistance 4HR2 doing its job and making price go down from there. However, our long trade is concluded and we look for another setup soon. Stay tuned.
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