On the monthly/weekly timeframe price is full bearish but it’s on this major support zone that the price got rejected from it twice so m expecting a bullish move before any bearish continuation.
The daily is bearish expecting a pullback to the previous high and also the golden fib number
4h; price is consolidating
M looking for the price to break above the sideways zone with a bullish momentum candlestick after having a little structure to assure a safe stop loss
Break above the LH structure
Break above the resistance zone
Break above the emas
1h; looking for an engulfing candle as an entry
Placing a safe stop loss on a previous structure close to the 200ema and above the 14/5
Tp; nearest s/r
The daily is bearish expecting a pullback to the previous high and also the golden fib number
4h; price is consolidating
M looking for the price to break above the sideways zone with a bullish momentum candlestick after having a little structure to assure a safe stop loss
Break above the LH structure
Break above the resistance zone
Break above the emas
1h; looking for an engulfing candle as an entry
Placing a safe stop loss on a previous structure close to the 200ema and above the 14/5
Tp; nearest s/r
Trade closed: target reached