H4 - We may expect the price to move higher and respect the downtrend line again. Hidden bearish divergence.
H1 - Once a bearish reversal happens we can then go short with the breakout of the uptrend line.
Invalidation: This setup will be invalidated if the price breaks above the H4 downtrend line. False breaks can be neglected.
H1 - Once a bearish reversal happens we can then go short with the breakout of the uptrend line.
Invalidation: This setup will be invalidated if the price breaks above the H4 downtrend line. False breaks can be neglected.
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.
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.