My trade idea is based on weekly pattern(flip & MAs & momentum). Daily has on bullish candle reacted to the weekly zone.
So, if price takes out the control high on 2H, I will assume momentum on the small timeframe is up. Now, I got my big buddy as well as my little buddy on my side. The odds of the bullish setup is high.
So, if price takes out the control high on 2H, I will assume momentum on the small timeframe is up. Now, I got my big buddy as well as my little buddy on my side. The odds of the bullish setup is high.
Note
As expected, price got issues at the control high. I need to see a confirmed close above the zone. So, wait.Note
My weekly as well as daily works well. The 2H is a bit different than I expected at the first place. It didn't conquer the zone at the first try, actually it tried twice. I marked a very small zone on 1H. It might be a entry for quick retest. Basically. The daily and weekly indicate the price to the upside.
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plan your trade and trade your plan
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.