Be aware this trading scenarios are based on the 15min chart.
Resistance area 1 served as support aswell resistance in the last days. Looking to take one or both trades price should move as shown with the arrows.
Long (Orange arrow)
Requirements:
- Price retakes Resistance area 1
- Price moves atleast to S/R level 1 (higher would be even better)
- Long open when price falls back to Resistance area 1
Target: Former Swinghigh
S-L: See chart - i dont want to see a candle open/close below it
Short (Blue arrow)
Requirements:
- Price breaks above Resistance area but cant close above S/R level 2
- Price falls back under Resistance area 1
- Enter short after a candle opened and closed below Resistance area 1
Target: Psychological level of 1 EUR : 1 USD
S-L: See chart - i dont want to see a candle open/close above it
Good luck
Disclaimer:
- This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor.
- You trade entirely at your own risk
- Make your own research
- Finance and trading is evil, capitalism is bad, duh ;)