Hi Traders!
1.HTF Expanding structure
2.MTF Asceding Chanel
3.False Breakout and LTF Reversal
4.LTF Continuation correction is forming
5.Wait for the breakout from the current structure to confirm this setup
1.HTF Expanding structure
2.MTF Asceding Chanel
3.False Breakout and LTF Reversal
4.LTF Continuation correction is forming
5.Wait for the breakout from the current structure to confirm this setup
Note
still looking for sells when the correction finish, we saw a breakout from the previous structure but it didnt go down further. we see a a lil bit bigger structure is forming
Trade closed: target reached
Frist Target reached...We also broke out from the HTF Ascending Channel, when we form more LTF correction i think we can expect more down movement
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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.