Rather than write out a lengthy explanation for this trade, I decided to include a video break down in my Weekend Review video which will be out on YouTube tonight. The video typically takes a good amount of time to produce and upload so I decided to share this chart before it's completion.
Analysis was performed on the 240m with the reason for entry occurring on the lower timeframes. A lot is going on here, but at the end of the day it's simply a price action and structure based trade.
*I'll edit the description box with the video link as soon as it's available.
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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.