Daily Analysis
Wednesday 17th April
Trend - Bullish, ranging
Daily - Bullish
Previous Daily candle closed below resistance after retesting rejection area
Bias
Anticipating that price might push into rejection area and pull back, respecting resistance again like it has done previously
Trade
Sells Below Support
Analysis
Price created a range in the Daily rejection area
Candles respected resistance
Price formed a lower high and pushed down, creating a rejection candle at support
There was a clean range to the left for sells
Set up
Bearish rejection candle at support
Entry - Break of lows (4.30pm)
SL - Entry high 9 pips
TP - Support 78 pips
Risk Management
Close partials in profit at the first support and move SL to BE
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