H4 - Pair reaching the confluence zone as marked on the chart, that would be a triangle and duplication of the first wave down.
This is where we may start looking for buy setups with bullish evidences.
Invalidation: If the price moves lower and if we get a valid breakout below the bottom of this triangle pattern then this bullish scenario will be invalidated.
This is where we may start looking for buy setups with bullish evidences.
Invalidation: If the price moves lower and if we get a valid breakout below the bottom of this triangle pattern then this bullish scenario will be invalidated.
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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.