Use this as a guide to develop your own setup
Main items we can see on the 4HS chart:
a)Currently, the price is on a corrective structure (Flag Pattern)
b)Flag Patterns are considered continuation structures
c)The Only level that remains as a solid Support zone is the current one
d)We will be waiting for a breakout of the structure, and then a small correction below the Flag Pattern
e)If that happens we will trade the breakout of the small correction (Green and red arrows)
f)If this scenario goes as expected, we have a really interesting Downside potential.
Daily Analysis:
Main items we can see on the 4HS chart:
a)Currently, the price is on a corrective structure (Flag Pattern)
b)Flag Patterns are considered continuation structures
c)The Only level that remains as a solid Support zone is the current one
d)We will be waiting for a breakout of the structure, and then a small correction below the Flag Pattern
e)If that happens we will trade the breakout of the small correction (Green and red arrows)
f)If this scenario goes as expected, we have a really interesting Downside potential.
Daily Analysis:
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Disclaimer
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.
Related publications
Disclaimer
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.