Here we need to wait for a rejection from the marked box.
The box consists of several price action criteria which indicate that we could see a short-term bounce/reversal.
Trendlines, round number, ..., 1H possible double bottom formation on the trendline and etc.
As said, wait for rejection on the 1H timeframe.
Feel free to support my idea post by hitting the "LIKE" button, it is my only fee from You!
Have a nice day,
Cheers!
*This information is not a recommendation to go "LONG" or "SHORT", it is mostly used for educational purposes only!
The box consists of several price action criteria which indicate that we could see a short-term bounce/reversal.
Trendlines, round number, ..., 1H possible double bottom formation on the trendline and etc.
As said, wait for rejection on the 1H timeframe.
Feel free to support my idea post by hitting the "LIKE" button, it is my only fee from You!
Have a nice day,
Cheers!
*This information is not a recommendation to go "LONG" or "SHORT", it is mostly used for educational purposes only!
Сделка закрыта: достигнута стоп-лосс цена:
Currently, trade closed, if SOMEHOW the Daily candle gets a close above the trendline then it becomes valid because of the bullish candlestick pattern but currently, stop reached!