ORMP (ORAMED PHARMACEUTICALS Inc.) - False Break

Market structure: Uptrend, price might retest previous resistance turn support
Setup: False Break/ Retest previous resistance turn support
False Break candlestick pattern: Hammer / Bullish engulfing

To look for trading opportunities when price retest previous resistance turn support at around 14.40 area.
Stop loss: 1 ATR stop loss taking reference from the retest
Take profit: Swing High around 23.00 area

Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.

Comment:

False break occur

Trade active

Trade closed: target reached