Time frame may vary.
Break in trend is not enough conviction for longs and price could continue in the same direction.
Long entry's only after change in market structure.
R:R will depend on smaller time frame market structure.
Always set stop Loss below previous higher low (Long) or lower high (short)
Break in trend is not enough conviction for longs and price could continue in the same direction.
Long entry's only after change in market structure.
R:R will depend on smaller time frame market structure.
Always set stop Loss below previous higher low (Long) or lower high (short)
Option B) is next in line unless we range between $39k and $34.5k a bit longer.