On the 4-hour timeframe, we are in a buy trend, and the price has approached the buy GWS, where we are monitoring for a possible continuation of the buy trend. We need to wait for the price to react at the buy GWS and form a confirmation for the continuation of the buy trend. By waiting for confirmation from the market, we aim to avoid a potential false breakout.
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.
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.