There are two ways, this trade could obviously go. I'll leave the third for you to decide.
Scenario 1: Price breaks the resistance, makes a retest and continues upwards.
Scenario 2: Price is unable to break the resistance, instead rejects the resistance and continues downwards.
In any scenario, I'll wait for confirmation on the 15 mins time frame to know how best to proceed when the price balances out.
Scenario 1: Price breaks the resistance, makes a retest and continues upwards.
Scenario 2: Price is unable to break the resistance, instead rejects the resistance and continues downwards.
In any scenario, I'll wait for confirmation on the 15 mins time frame to know how best to proceed when the price balances out.
