We are at a Daily Resistance and we expect some pull backs. There is no sign of a reversal yet. We just want to trade this pullback and our entry time frame is H1. We have a MACD (Lines) divergence and we enter on the break of Trend Line.
Note
Our target is the most recent support or the long term Trend Line who ever comes first.
Order cancelled
Price has respected the trend line and never broke it south. We now cancel the pending order.
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