FCPO 2 Sept 2021 : Rejection Support
1. Price rejects strong demand area.
2. M5 have engulfed CS during rejection
Strategy :
1. After M15 and M5 confirmation CS.
2. Place limit order at the neck/50% body CS.
3. SL below rejection level.
2. M5 have engulfed CS during rejection
Strategy :
1. After M15 and M5 confirmation CS.
2. Place limit order at the neck/50% body CS.
3. SL below rejection level.
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