I found this trade with opportunity with the help of sEthan62442 https://www.tradingview.com/u/sEthan62442/
Upon opening the chart, as always I first look through the 1D chart to collect whatever details I can about the trade and the setup I will be working with. The level that price has reached has been a valid for both recent and distant trends. There is a very obvious level that price consistently responds to. You can see that here:
This level was not only a support. It was also a resistance which gives this level further significance.
12H -On the 12 H you can as strong rejection candle. Large wick, and close as a candle.
8H - On this 8H chart, the two main things that catch my eye are
A. I noticed a candle. This is a bad sign to see for out long trend, however, there are more events occurring than .
B. The candle pattern has bee followed up a rejection. I specifically like this candle because of the healthy body of the candle. It shows price rejection and also shows that buyers were overpowered sellers by quite a bit.
6H - Perspective is key in the markets. I like to get an all around view of what I'm dealing with before I make a decision.. On the previous picture of the 8H chart, we see a candle. Soon after, if you look from the 6H perspective you can see that a pattern occurs after the previous .
The positives outweigh the negatives. For this, I can feel confident about opening this trade. I see price moving past my TP in the more distant future. I'm sure we'll have plenty more opportunities to come with this pair.