The price broke through the resistance last week and now is retesting it as support. The support zone overlaps with a demand zone which can be found at a lower timeframe.
Furthermore, at the zone the price has made a reversal pattern as addition for confirmation (bearish-doji-bullish).
Placing the stop loss below the zone and first target is to reach the minor resistance level shown above.
Green Box : Supply Zone
Orange Box : Demand Zone
White Box : SNR Zone
Furthermore, at the zone the price has made a reversal pattern as addition for confirmation (bearish-doji-bullish).
Placing the stop loss below the zone and first target is to reach the minor resistance level shown above.
Green Box : Supply Zone
Orange Box : Demand Zone
White Box : SNR Zone
Trade closed: target reached:
TP reached.