Bullish Swing Failure pattern on 1 hour.
went long with an average price of 7840
Expecting price to target old highs 8.5K and above.
Will be looking to add more longs later if this Setup holds.
Expecting price to target old highs 8.5K and above.
Will be looking to add more longs later if this Setup holds.
Note
We can also see price formed a bullish divergence on the obv oscillator.Note
also, previous 1D resistance became support at $7798I have a mental stop below this level, if a H4 candle closes below it I will close this trade
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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.