I think It might possibly play out with a strike of H5 which is the intraday targets that normally get hit after the H4 has already been broke. then it is possible it does the same thing in reverse for the weekly levels on the down side. Would synce up with linear regression channels. If you are intraday long your stop would probably be H3. if you are...
Following my prev GA analysis shared here on the TradingView community. Im scaling in a position in the current LOW into the monthly lows 1.74500-74000. Beautiful trade setup with a stoked RR. If you haven't seen my previous GA analysis I urge you to take a look,! PEeace
best entry has passed but is still meat on the bones and may return there. I use CPR and camarilla pivots
CPR and camarilla
using camarilla logic and strats
I'm going to play this downtrend with a laddering entry / exit strategy and measure performance over the next few months. Here is my current setup 2 / 4 asks hit and the chart explains the rest.
Possible bounce play also the bottom of the triangle