Price is making HH an HL in the bigger TF (weekly) for a long time, this possibly a HL + Double bottom, we can see some kind of exhaustion in the 4hr TF. Safe way to take this trade is to wait for the price to break out of the yellow zone. If the price brakes out up and close above i will consider this trade valid.
Note
TP 1 hit 👆🔑👊Trade closed: target reached
TP 2 hit
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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.