The chart is moving between a long term weekly channel (red channel) and it is getting close to the upper side of the channel. on the other hand, It seems that the mission of the triangular channel (yellow one) is to direct the price up to the top edge of the weekly channel.
so , the price is expected to hit the bottom edge of the yellow channel, dance there for a while and move up again.
get the entry confirmation only on H4 time-frame.
this is just an idea, as always.
so , the price is expected to hit the bottom edge of the yellow channel, dance there for a while and move up again.
get the entry confirmation only on H4 time-frame.
this is just an idea, as always.
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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.