Technical analysis. Daily chart: Pullback on an uptrend. We mark the previous day's low of 9.80 Premarket: Gap Up on moderate volume. We observe a clear hold the 10.60 level after growth in the premarket. Trading session: The price was unable to update the premarket high on the impulse from the opening, then the price tested the 10.60 level twice, and each subsequent pullback was smaller than the previous one. We are considering a short trade to continue the local downtrend on H1. We cannot aggressively enter the breakdown, since there is no suitable place to set a stop, so we are waiting for a retest. We observe a retest after the breakdown and a quick return of the price back below the level.
Trading scenario: breakdown with retest of level 10.60
Entry: 10.49 below the lower low
Stop: 10.68 we hide it behind the high of the retest.
Exit: Close part of the position before the previous day's low of 9.80. Close the remaining part of the position when returning behind the level of 9.80.
Risk Rewards: 1/3.5
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Feragatname
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