The price was rejected on the 4-hour timeframe and now it has formed a rising wedge pattern, we currently have a breakout, wait for a pullback on the 30-minute timeframe and go short.
WE ONLY TRADE PULLBACKS
WE ONLY TRADE PULLBACKS
Trade active
Note
now that we have the pullback, the trade is confirmed
Note
the price is still bearish despite it ranging in this area, and my stoploss is far enough to be concerned
Trade closed manually
price rejected the low multiple times
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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.