D1 - Price is bouncing higher from a key support zone.
Multiple false breaks with bullish divergence.
H4 - After the strong bullish move currently it looks like a flat correction is happening.
Scenario 1 - More aggressive approach. Looking for bullish setups from the bottom of the consolidation.
Scenario 2 - Breakout above the consolidation zone, and only then looking for bullish setups.
If we get a valid breakout below this strong support zone then it would invalidate this bullish view.
Multiple false breaks with bullish divergence.
H4 - After the strong bullish move currently it looks like a flat correction is happening.
Scenario 1 - More aggressive approach. Looking for bullish setups from the bottom of the consolidation.
Scenario 2 - Breakout above the consolidation zone, and only then looking for bullish setups.
If we get a valid breakout below this strong support zone then it would invalidate this bullish view.
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.
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.