Here we have a great example of a structure change with in the market, as you can see this pair has been creating a series of LL and LH along with forming a descending channel, we can now see a psychological break of this bearish structure by breaking and closing above the descending trend price which confirms a new HH, after retesting a previous resistance we now have a h4 snap back to re test trend resistance as trend support where we could confirm our new HL this will give us confidence in a new bullish structure being formed.
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BUY LIMIT PLACEDTrade active
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we've added an extra buy position @1.4947Trade closed manually
closed both entries for +130 pipsNote
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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.