Daily TF with Bearish Bias.
4Hr TF - Ascending channel being formed and another descending channel formed inside, the price hit the bottom of ascending channel and reacted impulsively and forming a double bottom, waiting for the break of the channel and LTF correction for bullish momentum.
Remember, counter-trade setups are very risky since most of the momentum is south!
4Hr TF - Ascending channel being formed and another descending channel formed inside, the price hit the bottom of ascending channel and reacted impulsively and forming a double bottom, waiting for the break of the channel and LTF correction for bullish momentum.
Remember, counter-trade setups are very risky since most of the momentum is south!
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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.