The trendline has been respected three times, additionally, the price has broken the first 1 hourly resistance, which is now support, and it is currently retesting it. Only enter if you see a bullish engulfing candle during the retest. In the moment, I except the price next week to once again break the second resistance and do a quick retest at the support level before heading towards the upper trendline. I have also drawn a fib retracement from the recent low to recent high and it seems to respect the 0.5 zone which lies exactly at the first support zone.
Always use risk management and know that the maker makers has increased their manipulation in the market, even though our technicals might be correct, the smart money as they presumably call themselves will always trap and confuse us. So be very careful when placing a trade, nowadays nothing in the market can be taken for granted.
Wish you all good luck!
Always use risk management and know that the maker makers has increased their manipulation in the market, even though our technicals might be correct, the smart money as they presumably call themselves will always trap and confuse us. So be very careful when placing a trade, nowadays nothing in the market can be taken for granted.
Wish you all good luck!