Hello traders, this is a very wonderful trade but is has some downsides to it
As you can see looking at the 4h we come from a very strong uptrend. It is not yet matured that is why we don't see many pullbacks.
Now we can identify the demand zone. That alone can be a trade idea on it's on but we're not done yet.
We can identify that there is a well respected horizontal level here.
I'm sure you've already guessed it a flag pattern
My entry will be right at that red level which is where they will put their stop losses.
The downside of this trade is that head and shoulders.
As you can see looking at the 4h we come from a very strong uptrend. It is not yet matured that is why we don't see many pullbacks.
Now we can identify the demand zone. That alone can be a trade idea on it's on but we're not done yet.
We can identify that there is a well respected horizontal level here.
I'm sure you've already guessed it a flag pattern
My entry will be right at that red level which is where they will put their stop losses.
The downside of this trade is that head and shoulders.
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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.