Break and retest of clear horizontal 4 HR support zone.
A lot of bearish wick rejection on the 1 HR time frame to this support turned resistance zone signalling a short entry.
A lot of bearish wick rejection on the 1 HR time frame to this support turned resistance zone signalling a short entry.
Kommentar:
Closed out as soon price went beyond the trend line. Was thinking price may reverse at the 4hr trendline which was the reason why my stop loss was placed above this.