PE: Daily price attempts to breakout S/R

6 באפר׳ 2020

Price has found minor support in the Weekly Chart and the daily chart shows a double bottom with a breakout for the first S/R. Now the price is attempting to clear the second S/R.

I will be watching the breakout in H1/H2 Chart and waiting for a retest before considering going long. The previous gap is acting as a resistance at the moment.

Daily



H1

15 באפר׳ 2020

הערה

Price broke the resistance but it did not show any sign of retest and went down again.
I would cancel the trade and wait for another opportunity with a strong breakout and a retest.