The last post expected to break 4h resistance on the next attempt, however it did bounce from 4h support to 4h resistance, but could not break it and fell back again to the 4h support area. This time again it has found support there.
It is likely that the price will attempt to reach the 4h resistance region again. We evaluate the price action again as soon as the price reaches to the 4h resistance zone. That evaluation will guide the probability of the direction in which price is likely to move.
It is likely that the price will attempt to reach the 4h resistance region again. We evaluate the price action again as soon as the price reaches to the 4h resistance zone. That evaluation will guide the probability of the direction in which price is likely to move.
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Here is the 15m version of the same chart from the post:
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So here is the chart with 30m timeframe with developed price action in last couple of hours. It seems everything is going according to the plan.
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The price headed towards the resistance mentioned in the chart. It did come quite close to it but did not hit the lower range of the 4h resistance exactly and remained short of 1% from reaching the target. However, it did provide two good entries for 2 times 2.5% profit in long positions in case you were quick in jumping and out according to the marked resistance and support.
However, I would not count it as a successful trade in spite of opportunities to register profit.