UJ 4H Break of Trendline - Retest Structure - B
Updated
On the 4H, Price has broke the trendline and comeback for a retest indicating a shift in momentum to the upside. Price has formed a new structure high and exhaust to form a new structure low with Bullish confirmation.
On the 1H, price has broke above trendline and comeback for a retest with price forming a Bullish Engulfing as confirmation followed with price coming back for a second retest indicating a potential Double Bottom. Expecting price to continue failing to break below structure and form a Bullish candle as confirmation for a potential Bullish Continuation.
On the 15M, price has formed a potential false breakout with price breakout and breakback in structure. It also seems to be forming a potential break of trendline and retest structure. Set a Buy Stop above structure high.
Trade closed: stop reached
Price Missed my Tp by 1 pips and retraced to hit BE
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.