By looking at the 4H time frame, we can see that support and resistance is forming.
Prices has been bullish and now starting to consolidate.
Once the price reaches the support line, we wait if the price breaks the newly formed bearish trend on the smaller time frames and continue bull upwards.
They say trend is your best friend. :)
Patience is key, stay safe and happy trading! :D
Prices has been bullish and now starting to consolidate.
Once the price reaches the support line, we wait if the price breaks the newly formed bearish trend on the smaller time frames and continue bull upwards.
They say trend is your best friend. :)
Patience is key, stay safe and happy trading! :D