Price has broken below the previous support after some consolidation. So watch out for retracement to the support (now turned into resistance level) and continuation downwards.
This idea is valid if the 30 minute candle closed below the red resistance level. It is important to wait for a pullback to that zone again to allow price to pick liquidity before moving down.
This idea is valid if the 30 minute candle closed below the red resistance level. It is important to wait for a pullback to that zone again to allow price to pick liquidity before moving down.
Trade closed: target reached
Played out well. Closed 50% at 22740, the remaining 50% got stopped at breakeven.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.