LONG HD on touch of support at 164

מעודכן
Levels of support/resistance typically produce a pop or bounce on the first touch.
There is an untested level of support in the valley around $164

SETUP: This is not a prediction price will get to 164. However, if it does, enter long.
I call this conditional trading.

ENTRY: $163.5
Long position

TARGET: $170 (or anything close)
This is an area below some lows that would provide resistance

STOP: $160
Below the low candle in the valley in which we took our long
עסקה סגורה: הגיע לסטופ
Price got a bounce at 163.68 but only to 168 before failing to the stop
Candlestick AnalysisMultiple Time Frame AnalysisSupport and Resistance

כתב ויתור