H4 - False break with bullish divergence followed by higher highs, thus forming a bullish convergence. We also have bearish hidden divergence.
H1 - Price reached the critical zone, bearish divergence.
We may now look for pullbacks and then possible buys with bullish evidences.
Invalidation – This buy setup is valid until the low shown in the H4 chart (marked in pink line) holds.
H1 - Price reached the critical zone, bearish divergence.
We may now look for pullbacks and then possible buys with bullish evidences.
Invalidation – This buy setup is valid until the low shown in the H4 chart (marked in pink line) holds.
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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.