Following up on yesterday’s analysis, with each reaction to the 204.34 level, I became more confident about the presence of sellers above this zone. At the same time, since every rejection off this level was also creating a higher low, I decided to treat it as a risky long trigger.
After the breakout of this line and the 15m and 1H candle closing above it, I was still cautious, suspecting that the main sellers might be sitting around 206.24.
At that point, as the RSI also reached its resistance line, I placed a buy stop order at 207, just above the highest previous wick. I intentionally set the buy stop at the highest possible point to ensure that both price and RSI had convincingly broken their resistances.
This position is still open, and I’m now waiting for higher targets to be reached.
