What are information we can get on Daily timeframe:
1. Price is consistently making HH and HL which you can spotted on Weekly and Daily timeframe
2. Price currently retest at the key support level
There are 2 Ideas for entry position:
a. Go for Long position when the price reject the support and after the breakout of the resistant trendline OR
b. Go for Long position at the major support trendline if price break the support level
* its best to look for the price action before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension
Happy trade!
1. Price is consistently making HH and HL which you can spotted on Weekly and Daily timeframe
2. Price currently retest at the key support level
There are 2 Ideas for entry position:
a. Go for Long position when the price reject the support and after the breakout of the resistant trendline OR
b. Go for Long position at the major support trendline if price break the support level
* its best to look for the price action before we take any position with proper Risk management RR and lot sizes. The chart is solely based on my observation from a technical perspectives. Any news or fundamental impacting the movement of market is beyond of my comprehension
Happy trade!