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Very Strong Level of Resistance -- Lovely Set-up

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As you can see, 4 hour candles break below support level and fail to close above after retesting this level (highlighted in orange) nearly four times. Previous to that is a head and shoulders pattern bouncing off of a long term trend-line I have marked up on the daily chart, creating a lower high, continuing the downtrend.

Additionally, price respects the neckline of the head and shoulders pattern coupled with a perfect 38.2 retracement from the previous swing high.

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註釋

If price can break this support, the next ride should be smooth sailing

註釋

交易結束：目標達成

The first entry on this trade was closed at +350 profits after failing to close below the support zone on the 4 hour. However, a new position has been taken based on the screenshot I have posted above.

交易進行