There is a potential CHOCH that was formed in the 4 hour timeframe market structure. This clearly indicates that the price is ready to change direction especially when there is a strong bullish reversal candle in the 4 hour timeframe. I will be looking for a long position within the set zone and wait for confirmations.
If the price does not retrace to set given zones I will not force my entry.
If the price does not retrace to set given zones I will not force my entry.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.