Primary Trade Setup:
If the price decides to fall, then we expect the test to return below the previous maximums, since it may be a good area for a price reversal, since the 1 hour trend is bearish.
SecondaryTrade Setup:
We see a price that has been maintained for a long time respecting this area. If it breaks and makes a good re-entry we enter into a purchase as it could be taken as a very good support.
If the price decides to fall, then we expect the test to return below the previous maximums, since it may be a good area for a price reversal, since the 1 hour trend is bearish.
SecondaryTrade Setup:
We see a price that has been maintained for a long time respecting this area. If it breaks and makes a good re-entry we enter into a purchase as it could be taken as a very good support.
Commento:
330 pips from the first entry. 2 targets