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4H is uptrend => current is internal bearish
M15 is uptrend => Currently it is breaking through a strong low swing and turning into a downtrend
We can sell down to the Order block of the 4H time frame
4H is uptrend => current is internal bearish
M15 is uptrend => Currently it is breaking through a strong low swing and turning into a downtrend
We can sell down to the Order block of the 4H time frame
Note
The price increased and swept past the previous peak but did not surpass the SMT then decreased and broke the bottom to continue the downtrendNote
After breaking the strong swing bottom, it signals the end of the bullish wave. Today the price continues to decreaseTrade closed: target reached
Today the price decreased to the 4H time frame order blockNote
We let the wave develop if the price breaks through the strong swing high (0.67595) of the M15 timeframe, we will look for buying opportunities.Note
The price falls and breaks through the Low Swing Strong of the 4-hour time frame and creates a High Swing Strong.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.