Price is Breaking out of a wedge pattern on the lower time frames, we also have a H&S formation forming on the 4 hour
My preferred entry is to see price break out and retest the wedge pattern before taking a short order.
Line up your confluences and only risk what you can afford to lose if you take this trade.
TP somewhere around 60-65 pips to the lower support.
My preferred entry is to see price break out and retest the wedge pattern before taking a short order.
Line up your confluences and only risk what you can afford to lose if you take this trade.
TP somewhere around 60-65 pips to the lower support.
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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.
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.