On the higher time frame we identify a bullish flag pattern. Zooming in to the structure we form a bearish descending reversal pattern towards breaking its previous higher time frame low and approaching a double bottom on the 4hr.
Entry to be taken upon first 4hr bullish retirement as confirmation.
Entry to be taken upon first 4hr bullish retirement as confirmation.
Trade active:
Bearish descending channel on lower time frame formed - entry on third touch!
Trade closed: target reached