Waiting after this 4h price action to enter in a short trade: Identified a downtrend in a Weekly chart, in 4h chart a head and shoulder ready to drop, a downtrend in a 4h chart too + a RSI divergence and the cherry on top would be a bearish engulfing in the running price. Good luck
Executed a trade based on daily analysis: identified a bullish trendline and a fake breakout with low volume, followed by a morning star pattern holding support. On the 4H chart, the downtrend was broken and retested. MACD on daily is nearing a cross. Thoughts?
