we can see that price is still in an uptrend, so we will still be looking for a buy setup.
In the daily Timefrade price retesting EMA20 and there's a rejection.
price has retested EMA20 few times and quite respect to this level.
at the H4 timeframe, price currently trying to create a bullish engulfing formation.
The setup will remain valid if H4 candle successful to create bullish engulfing candle. However, if no engulfing candle is formed, the setup will change.
Our entry strategy is that if the price forms a bullish engulfing on H4 then we will buy on pullback on the yellow line
the target price as on the chart
In the daily Timefrade price retesting EMA20 and there's a rejection.
price has retested EMA20 few times and quite respect to this level.
at the H4 timeframe, price currently trying to create a bullish engulfing formation.
The setup will remain valid if H4 candle successful to create bullish engulfing candle. However, if no engulfing candle is formed, the setup will change.
Our entry strategy is that if the price forms a bullish engulfing on H4 then we will buy on pullback on the yellow line
the target price as on the chart
Patternception
channel : t.me/patternception
instagram : @patternception
channel : t.me/patternception
instagram : @patternception
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.
Patternception
channel : t.me/patternception
instagram : @patternception
channel : t.me/patternception
instagram : @patternception
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.