#2 Being new to tradingview and not able to post previous chart when I entered long on the script, i will make sure I will keep uploading charts whenever i feel the set up is good.
Anyway, lets begin.
Why i entered? - "Well, the price has been on bearish trend. When the price before the entry tried to break the resistance but couldn't do it.
But later, when i had patience, i observed that the price has closed above it. I quickly noted the following:
Confluence no.1: The price finally after first initial try,broke the resistance and closed above it.The breakout of high was my entry.
Confluence no.2: The price was consolidating nearly and not letting the seller push down the price.
Confluence no.3: The price on daily chart is respecting the fibLines.
thus i managed to enjoy a good risk:reward. :)
Stay blessed
Stay happy
Stay Humble.
Anyway, lets begin.
Why i entered? - "Well, the price has been on bearish trend. When the price before the entry tried to break the resistance but couldn't do it.
But later, when i had patience, i observed that the price has closed above it. I quickly noted the following:
Confluence no.1: The price finally after first initial try,broke the resistance and closed above it.The breakout of high was my entry.
Confluence no.2: The price was consolidating nearly and not letting the seller push down the price.
Confluence no.3: The price on daily chart is respecting the fibLines.
thus i managed to enjoy a good risk:reward. :)
Stay blessed
Stay happy
Stay Humble.