Possible -Simple- Price Reversal
We have the following factors:
WAIT FOR....
+ H4 downtrend (Green Diagonal Line) + Descending triangle breakout (blue triangle). For a more conservative entry.... Breakout + Pullback
+ Good PA confirmation.
OTHERWISE I WOULDN'T ADVICE TAKING THIS TRADE!
If all this requirements are met we could search for possible re-entries. It's a good R&R, uptrend may continue further if you'd like to trail your SL.
All comments are appreciated!
Peace!
- Descending triangle
- Weekly -Pink horizontal line- + Daily Support Zone -Orange Rectangle-
+ Weekly timeframe is still an uptrend - H1 Divergence in OS RSI
WAIT FOR....
+ H4 downtrend (Green Diagonal Line) + Descending triangle breakout (blue triangle). For a more conservative entry.... Breakout + Pullback
+ Good PA confirmation.
OTHERWISE I WOULDN'T ADVICE TAKING THIS TRADE!
If all this requirements are met we could search for possible re-entries. It's a good R&R, uptrend may continue further if you'd like to trail your SL.
All comments are appreciated!
Peace!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.