(Private chart) Bullish IB's above marked levels on chart is a buy signal. Bearish IB below lower level is a sell signal.
Keep an eye out for the IB signal to go long. If the previous H4 candle doesn't hold, then we will have to admit defeat, and look for sell signals.
Looking weak at present, could change after the next few candle closes, we need to wait and see if we get a stronger signal.
I will be buying once price breaks the level indicated on the chart. If price doesn't break this level, then I will wait for a buy signal further down as long as price holds above the lower trend line. If this trend line doesn't hold, then we can call the daily bullish engulfing candle invalid and we will start to look for sell signals below the lower trend line....
If price holds above the middle line, it should continue up, it it breaks the lower level, it could continue down
Strong buy signal if price holds above 1290
If the market doesn't gap, then I will wait for a breakout of the current IB as the market looks bullish on H4 but daily is showing signs of bearishness. Once price breaks either level, I will wait for confirmation with a other IB and take a trade. Also could be in a possible wedge pattern. Profit levels are marked out. Also looks like a weird looking head and...
EDIT: For the buy, the TP 1 is where 2 should be, and 1 isn't labeled... I am waiting for price to break the high or low of the inside bar candle, at the moment it looks bullish on the H4, but on the daily, it looks bearish, though it is still above the possible daily reversal pattern neckline, but since this IB was formed on a Friday afternoon I am leaving it...
This one is a bit confusing, for me, it is not worth selling yet. I am waiting to buy once I get a decent signal.
Possible buy if triggered for a few pips, then a possible break higher, or break lower is on it's way, I suspect if it does continue to the previous high, then it will break higher, though if it doesn't break higher in the first place and actually breaks lover, this is going down 70 or 80 pips.
Possible long setup based on chart pattern and a price action setup.