On the daily TF, we can see price being consolidated between strong areas: Middle BB and 150 EMA. We also see a descending triangle pattern and let's see which side price breakouts to.
Entry: price action bar in lower TF (1H / 4H).
It price breaks above, then we will likely be trailing the trade as trend has reversed.
If price breaks below, take profit target at...
We can see price consolidating at 3 key areas: Middle BB, 150EMA and at current support. If price breaks this area, it can either head to previous highs or previous lows.
Entry method: Look for entry on lower time frame (4H or 1H). A good pin bar or engulfing bar will set the direction where price will be heading.
