This 4hr chart clearly shows market is trending in the bullish direction with it's higher high and higher low. So my bias is for buy. However, I need a pullback which I get.
The pullback is reacting to the daily zone and respecting the long-term bullish TL.
Logically, for my buy trade to work I need sellers. When I look closer on a lower timeframe, I see sellers trending. So check out the next chart.
The pullback is reacting to the daily zone and respecting the long-term bullish TL.
Logically, for my buy trade to work I need sellers. When I look closer on a lower timeframe, I see sellers trending. So check out the next chart.