we can see that bat coming on strong down trend ,and will be complete at structure point.
i personally always believe on structure.. and that chart shows good risk reward... and now im waiting for divergence.... but remember it needs spike, to go down....
everyone thinks that channel break, its time for buy.... but im looking for something else, in daily time frame there is strong s&r... it might be fake.....
every time i see chart, i trying to find out dead zone, and i would love to entry there... case study- trend line shows us resistant point and i think 0.9327 would be nice SR zone. double top is bonus for me.wait for break :p
case study- bollinger band upper rejection nice pinbar at daily resistance at 115.476 short term market consolidation stochastic overbought
case study- market is in ranging 112.50 is a nice area stochastic oversold waiting for divergence
case study- as we see here- - a big cypher established here at daily resistance zone , as well as nice good risk reward.. -hidden divergence continues...
case study- strong downtrend, already triangle pattern broken, trend line break, and retest entry - after the candle close