Looking for a Breakout
Updated
Looking forward once the market forms a HL to enter, LONG.
FOR NOW keeping EA on my watchlist for a short and following our flag pattern.
1H is also forming a LH on a downtrend move.
Will update if i find a suitable entry.
FOR NOW keeping EA on my watchlist for a short and following our flag pattern.
1H is also forming a LH on a downtrend move.
Will update if i find a suitable entry.
Note
Market did respect the pattern on 4H.I did miss this trade since it was quite late last night (I was waiting for some buyer to enter before the sellers take over)
However, Now I'm keeping an eye for a LONG.
Long-term Goal
Note
Finally, market is showing signs of rejection and we can see some buyers entering the market.However, take a not that since market has heavy bearish momentum on 4h, Market might consolidate in this price area.
Personal Key Things to consider for Next Update on EA: - 4H needs more bullish Elements (DOjis and engulfings)
- 1H is still on a downtrend forming LL and LH, We need a Break of structure to the upside.
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