Price has respected the hourly trendline a 3rd time- Some cautious traders will take this entry long as they wait for a 3rd touch and watch for price action to take the trade - however, they mitigate their risk by not jumping in too early and sweating out 20%- 25% in the red.
It's a good place to take a long from if you feel you have missed the boat.
It's a good place to take a long from if you feel you have missed the boat.
Trade closed manually:
The hourly TL has been broken - the trade plan was not successful. You can't be right all the time!
