Needs to break Resistance, Retest and then resume up
Explained very well on the chart.
Although I have an option 2 for sells, I am more inclined to take a buy and move with the trend.
the area between Resistance (green rectangle zone) and Support (Red rectangle zone) is a No-Trade-Area.
to take a buy or sell, we should wait for candles to close above resistance or below support, retest and then resume its way up or break its way down.
Although I have an option 2 for sells, I am more inclined to take a buy and move with the trend.
the area between Resistance (green rectangle zone) and Support (Red rectangle zone) is a No-Trade-Area.
to take a buy or sell, we should wait for candles to close above resistance or below support, retest and then resume its way up or break its way down.