-> The market on the HTF has been moving in an ascending channel, throughout the 4H structure, and just recently bounced twice from the daily resistance dynamic zone.
->Now the market is moving in a descending channel and found some support at the 4H structure, to which it formed an ascending channel (continuation pattern) on the 1H TF, with that said I am looking for a break of that structure to put in a trade on it.
Be aware that rates hike is today, and they bring lots of volatility into the market, so manage your trades the best you can.
->Now the market is moving in a descending channel and found some support at the 4H structure, to which it formed an ascending channel (continuation pattern) on the 1H TF, with that said I am looking for a break of that structure to put in a trade on it.
Be aware that rates hike is today, and they bring lots of volatility into the market, so manage your trades the best you can.