Why such sentiments.
The monthly stochastic is oversold. At 4 h, a double bottom is possible.
On D1, if the double bottom works, then the scheme with inverted H&S will probably work. Which can be considered if zoom out chart. Overbought on the D1 chart as a whole with a strong uptrend does not say anything. You can look at the last bull run. I don't trade by patterns. I'm more of an Ema trader. But you can find reversal patterns on 4h/d1/w1 on almost all alts.
Also, dxy is in approximately the same conditions relative to the EMA as in July 2020. If I'm right, then this is the bottom and an interesting trip awaits us. If not, you can throw bears hats at me. I will sell them and with this money I will be able to survive until the next bull run.
The monthly stochastic is oversold. At 4 h, a double bottom is possible.
On D1, if the double bottom works, then the scheme with inverted H&S will probably work. Which can be considered if zoom out chart. Overbought on the D1 chart as a whole with a strong uptrend does not say anything. You can look at the last bull run. I don't trade by patterns. I'm more of an Ema trader. But you can find reversal patterns on 4h/d1/w1 on almost all alts.
Also, dxy is in approximately the same conditions relative to the EMA as in July 2020. If I'm right, then this is the bottom and an interesting trip awaits us. If not, you can throw bears hats at me. I will sell them and with this money I will be able to survive until the next bull run.
Trade active:
Trade goes as expected👌
Trade closed: target reached
