I made a purchase on this on Thursday after the market has closed, entry reason was engulfing candle straight at the previous level of resistance which it's now support
HERE IS WHAT I THINK
Both Thursday and Friday candles showed a very strong rejection to the downside and that gives me confident that my trade will turn out perfectly fine
When to consider buying
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** 4H timeframe showed a very strong resistance, which makes obvious to wait for a break out before making a long trade :D
HERE IS WHAT I THINK
Both Thursday and Friday candles showed a very strong rejection to the downside and that gives me confident that my trade will turn out perfectly fine
When to consider buying
-----------------------------------
** 4H timeframe showed a very strong resistance, which makes obvious to wait for a break out before making a long trade :D