Price action signal formed at horizontal support resistance level. Entry at closing price of engulfing candlestick at horizontal support level. Set Take Profit at horizontal support resistance level. Set Stop Loss at low of engulfing candlestick.
Note: EMA 10 EMA 20 is positive slope.
Price closed above horizontal support resistance level. Set Buy Limit Order. Set entry at horizontal level.
Note: Trend is up; Horizontal Level has 4 touches. EMA 10 EMA 20 has a positive slope.