- We are currently retracing the H4 bull structure so I expect price to sell down to that demand zone in and take the main buy to the supply zone in red
- We will wait for lower time frame m5/m15 confirmation before entering into the buy
- This is not a financial advice... it is just an analysis which may be wrong in the end
We currently mitigating an institutional candle at the time of this post and since we had a break of structure earlier... we expect a further move to the down
This is a scalp trade of 50pips to TP
Confluence:
- Price is trapped in a triangle shape awaiting breakout
- price is at a key level
Entry:
-It is advisable we wait for a breakout either to the upside or to the downside, though I expect price to break above due to the structure around that key level
