- Price tested the horizontal resistance multiple times but the resistance is unable to push the price away.
- The price continues to mark higher lows into the resistance to a point that a narrow range is established just below the resistance line.
- The breakout of the narrow range is accompanied with the breakout of the horizontal resistance.
Note
ENTRY 1085SL 1010
TARGET 1330
Trade active
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.