I am inclined to long depending on the rejection, as a scalp/intraday trade.
I wouldnt go for a long swing as this is an M formation structure.
But for intraday traders, this would be a good entry for longs technical wise.
On a 4h timeframe we can see Double bottom and Bullish divergence. High probability of an upward movement
I wouldnt go for a long swing as this is an M formation structure.
But for intraday traders, this would be a good entry for longs technical wise.
On a 4h timeframe we can see Double bottom and Bullish divergence. High probability of an upward movement
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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.