BTCUSD trading within a D TF channel with an expanding flat formation within, indicating more bearish price action with a possible breakout of the HTF channel. As mentioned in the chart, will be waiting for a bearish continuation setup on LTF with a possible combination with h&S pattern along with break of the key level to allow for a short entry.
Trade closed: target reached
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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.