We can see that in the 4H there was an over extended W formation which the market has returned to the neckline where it has bounced right back up again. Once we break the entry and have retested the resistance structure it will reach our target TP.
We are currently in a DD but once it breaks the resistance level we can reenter on the retest before respecting our analysis, though we will still react based on the price action
We are currently in a DD but once it breaks the resistance level we can reenter on the retest before respecting our analysis, though we will still react based on the price action
Note
Currently running 100+ pips from entry. You can now wait for the correction then set to BE. :)Note
Currently running at 200+ pips from our entry point.
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Related publications
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.