Why do I expect the price to go back up and then drop?
Long (from 1790 to 1813-1816):
-1: We grab a lot of previous lows liquidity on the h4 and h1 timeframe
-2: Price is on a support level of h4 and daily timeframe
Short (from 1814 to 1773):
-1: Head and shoulders, so I expect price to drop
-2: Good retest resistance daily level
Always wait for entry confirmation on lower timeframes when the price is on these zones.
Long (from 1790 to 1813-1816):
-1: We grab a lot of previous lows liquidity on the h4 and h1 timeframe
-2: Price is on a support level of h4 and daily timeframe
Short (from 1814 to 1773):
-1: Head and shoulders, so I expect price to drop
-2: Good retest resistance daily level
Always wait for entry confirmation on lower timeframes when the price is on these zones.