Monthly Trend: formation of Shooting star on the monthly chart
Weekly Trend: formation of a descending triangle pattern and breakout of the inside bar pattern formation
Daily Trend: Waiting for retest and trade signal formation at point of confluence because price broke on the downside
4Hour Trend: There was a break out of a symetrical triangle formation thus we are waiting for a retest to form before taking the trade.
1:4 Risk to reward ratio
Weekly Trend: formation of a descending triangle pattern and breakout of the inside bar pattern formation
Daily Trend: Waiting for retest and trade signal formation at point of confluence because price broke on the downside
4Hour Trend: There was a break out of a symetrical triangle formation thus we are waiting for a retest to form before taking the trade.
1:4 Risk to reward ratio