Upon analyzing higher timeframes we have identified a bullish structure as price is making higher highs and higher lows. Price has found support on 4H timeframes. We will analyze intraday timeframes in order to identify a break of structure on lower timeframes in order to enter with the bullish momentum.
Price may retest the previous low in which may result in drawdown but as long as structure is not broken we can continue to move with the overall directional bias; Bullish
Happy trading mates
Always conduct your own analysis before entering any trades and always remember to use proper risk management and stop loss
Price may retest the previous low in which may result in drawdown but as long as structure is not broken we can continue to move with the overall directional bias; Bullish
Happy trading mates
Always conduct your own analysis before entering any trades and always remember to use proper risk management and stop loss
Trade closed: target reached:
Price has reached our target zone.