Hello Traders, Today's setup is based on the 4H timeframe. I identified a clear Quasimodo (QM) or Head-and-Shoulders (HS) pattern visible on both the H4 and 1H charts. After patiently observing market movements, I noticed that the price left behind liquidity and established a demand zone.
I'm now waiting for the market to sweep the liquidity and retest the demand zone before anticipating an upward move. Always ensure you practice strict risk management.
Wishing you the best of luck and happy trading!
I'm now waiting for the market to sweep the liquidity and retest the demand zone before anticipating an upward move. Always ensure you practice strict risk management.
Wishing you the best of luck and happy trading!
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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.