H4 - We may expect the price to move higher and respect the downtrend line and then a bearish reversal to happen. We also have Hidden bearish divergence.
H1 - Once a bearish reversal happens we can then go short with the breakout of the uptrend line.
Note: In order for this setup to be valid we want the H4 downtrend line to hold (false breaks are accepted).
H1 - Once a bearish reversal happens we can then go short with the breakout of the uptrend line.
Note: In order for this setup to be valid we want the H4 downtrend line to hold (false breaks are accepted).
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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.