Use this as an idea to develop your own setup
Main items we see on the 4hs Chart:
a)The Descending Channel is Broken
b)A corrective formation was made outside of the Previous Bearish Channel
c)On the corrective formation we can see a huge Bear Trap, that confirms the possible bullish Resolution
d)We can see interesting upside potential for long setups
e) If the structure is broken with a bullish movement, we expect a continuation of it towards the next resistance zone at 1.11600
Weekly Vision:
Daily Vision:
Main items we see on the 4hs Chart:
a)The Descending Channel is Broken
b)A corrective formation was made outside of the Previous Bearish Channel
c)On the corrective formation we can see a huge Bear Trap, that confirms the possible bullish Resolution
d)We can see interesting upside potential for long setups
e) If the structure is broken with a bullish movement, we expect a continuation of it towards the next resistance zone at 1.11600
Weekly Vision:
Daily Vision:
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.