Legend:
normal line: candle body based support / resistance
dashed line: wick based support / resistance
red line color: 1D timeframe based support / resistance
green line color: 4H tf based s/r
yellow line color: 1H tf based s/r
Description:
The yellow 1H price has 5 interactions as support. My main premise is, that this will serve as a strong resistance. It worked well already a few times during the trade. Even though that were fakeouts.
That resistance is also visible on the 4H. During the trade a daily resistance built up on the 1H resistance as well.