RANGE TRADE
1. Price action at strong resistance level. Been tested many times
2. Previous bar showing bearish ping bar and closed below resistance. Buyers got rejected.
3. MACD reversal divergence showing in the range. Price no longer making HH and HL.
4. SL above high of pinbar and target 1 for 50% of range. Target 2 to $148~
1. Price action at strong resistance level. Been tested many times
2. Previous bar showing bearish ping bar and closed below resistance. Buyers got rejected.
3. MACD reversal divergence showing in the range. Price no longer making HH and HL.
4. SL above high of pinbar and target 1 for 50% of range. Target 2 to $148~