price rejected daily resistance level and forming a bearing red candle.
The 4H changes structure to confirm the pull back. Since the daily is still bullish, we wait for the 4H time frame to change structure from bearish to bullish!
Price has broken 4H short term trend line, and created a higher high. I always enter at the breakout, but also enter more position if price pulls back lower.
I hope this helps
The 4H changes structure to confirm the pull back. Since the daily is still bullish, we wait for the 4H time frame to change structure from bearish to bullish!
Price has broken 4H short term trend line, and created a higher high. I always enter at the breakout, but also enter more position if price pulls back lower.
I hope this helps
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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.