this is a simple structure trade: you can see price is coming back to retest the former resistance that once broken should turn into support. This is also lining up pretty well with a and a psychological number (1, 40 ). You can see also a just formed with OVERSOLD condition.
All those clues together make this trade a nobrainer.
If the current candle will reject again that level i think i'm going to buy.
Stops obviously below the pin, target1 and 2 with 382 and .
Always look left. Structure leave clues!
If you want to share your thoughts or ask questions, feel free to comment below.
Otherwise, see you in the next chart!