This is a multi confluence trade setup. All confluences are listed below.
H4/H2
Strong Downtrend
Price below Trendline
H1
62% chances for a BoS by the downside
M30
ChoCh
Bos
Flipping box
59% chances for a BoS
Trade
Entry on the flipping box
Stoploss above the Flipping box
Take Profit 1 at the last low
Final Target at the Previous Week Low (PWL)
H4/H2
Strong Downtrend
Price below Trendline
H1
62% chances for a BoS by the downside
M30
ChoCh
Bos
Flipping box
59% chances for a BoS
Trade
Entry on the flipping box
Stoploss above the Flipping box
Take Profit 1 at the last low
Final Target at the Previous Week Low (PWL)
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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.
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.