Pull back to previous resistance and a Fib sweet spot. Also a few tests on this early trendline. Candle volume lessening, suggesting momentum building. Bullish bias, but as always the opposite can happen.
In the case that price breaks down, instead of having a Stop Loss, Ill wait for price to retest the broken zone to limit losses.
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.