Hey everyone,
I saw an opportunity here, and I felt it is important to share it with you.
Looking at the H4 chart, I saw a rejection of the support that we are on (and that I talked about yesterday, link down below) and the price looks like going to close above the trendline that I drew on this chart. If it does, it means that we were (and we are still in) in a demand zone and we might see some bullish moves.
I could confirm this bullish bias by looking at the H1 timeframe, where there is a double bottom and liquidity has been removed from the last low. Most probably we are going to retest the last high as support.
I really see potential here because I saw this pattern a couple of times in the past.
I saw an opportunity here, and I felt it is important to share it with you.
Looking at the H4 chart, I saw a rejection of the support that we are on (and that I talked about yesterday, link down below) and the price looks like going to close above the trendline that I drew on this chart. If it does, it means that we were (and we are still in) in a demand zone and we might see some bullish moves.
I could confirm this bullish bias by looking at the H1 timeframe, where there is a double bottom and liquidity has been removed from the last low. Most probably we are going to retest the last high as support.
I really see potential here because I saw this pattern a couple of times in the past.
