- price had a nice reaction off of 4H demand. It tagged it and had a very fast rally away from it. - then it reclaimed monthly open which acted as a major support zone before and should have acted as resistance on the way back up - the failure of this support-resistance-flip in itself can be a strong entry trigger - long target will be the first trouble area in form of the lowest 4H close before the break down
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Unfortunately I have been stopped out in less than one hour after entering. I think it was a good setup. Maybe my stop was a bit tight. Will watch this for the next couple of hours and might re-enter