Price broke above this s/r zone to the upside and already retested it from above as you can see.
Iam looking for a short if price can break the zone and gives me a close below .
My target for the short trade would be the rising trendline .
If we arrive at the TL i wil look for:
A) break and further downside move
B) rejection and and a move to the s/r zone to the upside
Long scenario
The s/r zone gives support to the price and pushes it back up again.
I would like to see abreak of the small resistance here before thinking of a long trade in daily chart.
Iam looking for a short if price can break the zone and gives me a close below .
My target for the short trade would be the rising trendline .
If we arrive at the TL i wil look for:
A) break and further downside move
B) rejection and and a move to the s/r zone to the upside
Long scenario
The s/r zone gives support to the price and pushes it back up again.
I would like to see abreak of the small resistance here before thinking of a long trade in daily chart.