Let me make is simple on this 4H chart. Price took a week to rise up to the pressure zone 1.05-1.06 with 5 waves . You can say it is not easy for it.
With strong possible bearish signal on 4h chart, that the final candle will finish in 2 hrs, you can say that sideways price action inside the circle is going to finish with a bearish candle which will make all those small body candles into a complicated evening star signal.
So make sure you plan can make a entry by those candle and a possible trade with RR>3 WILL BE YOURS.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.