Price Action Day Trading
Daily Bias: Bullish
POI: H4 support level that have been rejected multiple times. Price retraced back and confluence with trendline. Price formed a double bottom at POI and created a higher high to confirm a trend reverse towards upside
Setup: H1 broken resistance (neckline for double bottom pattern) with SL below Double bottom swing high. Targeting next daily swing high R:R 1:5
Daily Bias: Bullish
POI: H4 support level that have been rejected multiple times. Price retraced back and confluence with trendline. Price formed a double bottom at POI and created a higher high to confirm a trend reverse towards upside
Setup: H1 broken resistance (neckline for double bottom pattern) with SL below Double bottom swing high. Targeting next daily swing high R:R 1:5
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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.