How I Would Have Entered on Silver · Forex Traders Community

How I Would Have Entered on Silver

As you can see from that chart, I identified a strong resistance level. I also marked out what I considered the breakout zone above it. Now, if I had been in that moment, I wouldn’t have entered just on the breakout. I’d wait for the price to break that resistance, then come back down to retest that breakout zone. I’d want to see a clear rejection from that zone on the 5-minute timeframe. Only after I see a 5-minute candle reject that zone—closing above it again—would I consider entering. That rejection and confirmation that the prior resistance turned to support would be my signal to buy.

@Brian Rice

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