Weekly timeframe (tradingview.com/x/jtPnPru0/)
- First time trying to switch from a bullish to a bearish market structure
- Bullish candle (retracement)
- Bullish supply and demand zone: bears could have kicked in yet the bulls managed to close back above this zone (false break trading back above)
Daily timeframe (tradingview.com/x/PRb8Numh/)
- Bullish M
- Inverse head and shoulders
- At least weekly relief so daily market structure irrelevant
4H timeframe (tradingview.com/x/TJgwb9FV/)
- Inverse head and shoulders without break of structure (SL below head)
- When dissecting the pattern on the 1H/2H timeframe there is no immediate reaction on the high making it valid to execute
- First time trying to switch from a bullish to a bearish market structure
- Bullish candle (retracement)
- Bullish supply and demand zone: bears could have kicked in yet the bulls managed to close back above this zone (false break trading back above)
Daily timeframe (tradingview.com/x/PRb8Numh/)
- Bullish M
- Inverse head and shoulders
- At least weekly relief so daily market structure irrelevant
4H timeframe (tradingview.com/x/TJgwb9FV/)
- Inverse head and shoulders without break of structure (SL below head)
- When dissecting the pattern on the 1H/2H timeframe there is no immediate reaction on the high making it valid to execute
Trade closed manually
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.
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.