Pair pushing resistance channel, but a clear bullish divergence suggest that the price is about to break high and a possible structure can be developed as showed.
If the price falls beyond ABCD pattern PRZ, the structure will be invalid and another idea has to be prepare...
For long entry: wait for reversal bar pattern inside ACBD pattern PRZ box.
If the price falls beyond ABCD pattern PRZ, the structure will be invalid and another idea has to be prepare...
For long entry: wait for reversal bar pattern inside ACBD pattern PRZ box.
Note
H1 chart can help to follow this idea...
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Related publications
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.