Hi Traders!
If you look at the H4 Timeframe you can see that
the market is neither in an uptrend or in a downtrend.
Why? The market either need higher highs & lows or lower highs & lows to make a trend.
And what do we see?
What you can see is higher lows and lower highs and a Support-Trendline (on H4).
However, in the H1 Timeframe you can see a tiny uptrend.
The market is movin in a parallel channel.
Furthermore, it starts to respect the 200EMA.
We recommend to buy at the Buy Point, for a low-risk trade and a good target.
So, the entry triggers are:
- strong H4 Trendline
- bottom of the Parallel Channel
- 200 Exponential Moving Average
- tiny Uptrend
Thanks and successful Trading :)!
Comment:
Wanna see what's inside the RED BOX? Here is it: