A deal to break the resistance level of $138.65 (the level is formed by the high of the previous candle).
1) Closing the daily candle near the level
2) Closing the daily candle at HIGH
3) Level retest without deep rollback
4) Forward movement to the level at 1H
5) There is a good power reserve at the top
Long is above $139.2 (entry by limit order)
✅ Goal 1: $142.4
✅ Goal 2: $147.8
It is safer to enter after a false breakdown of the resistance level.
if, after the breakdown of the level, the instrument begins to roll back to the entry point, it is necessary to close the position without hesitation.
⚠ if the instrument rolled back from the entry point by 40% ATR or more before the breakdown, then you should not enter the position.
1) Closing the daily candle near the level
2) Closing the daily candle at HIGH
3) Level retest without deep rollback
4) Forward movement to the level at 1H
5) There is a good power reserve at the top
Long is above $139.2 (entry by limit order)
✅ Goal 1: $142.4
✅ Goal 2: $147.8
It is safer to enter after a false breakdown of the resistance level.
if, after the breakdown of the level, the instrument begins to roll back to the entry point, it is necessary to close the position without hesitation.
⚠ if the instrument rolled back from the entry point by 40% ATR or more before the breakdown, then you should not enter the position.