We have a ascending support channel in play and a broken descending channel resistance in play
I would like to long structure wise, but a bearish ichimoku crossover is trying to form, i am looking for a quick drop and reversal pin bar candle to enter this long. Right now the momentum is in favor of bears , let's look for rejection and confirmation to take this long
I would like to long structure wise, but a bearish ichimoku crossover is trying to form, i am looking for a quick drop and reversal pin bar candle to enter this long. Right now the momentum is in favor of bears , let's look for rejection and confirmation to take this long
Note
The back of the descending channel still supporting bullish scenario, very interesting price action
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Related publications
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.