4H timeframe:
The main trend is bearish (confirmed by a BOS to the downside).
Price is currently in a pullback phase.
Expectation: after the retracement, price may continue to create a new Lower Low (LL).
15M timeframe:
The trend is bullish, reflecting the pullback on 4H.
Wait for a bearish CHoCH/BOS on 15M to confirm the end of the retracement.
Trading plan:
Wait for a bearish shift on 15M.
Enter short from Supply / OB / FVG on 15M after confirmation.
Target = previous 4H low, SL above 15M swing high.
The main trend is bearish (confirmed by a BOS to the downside).
Price is currently in a pullback phase.
Expectation: after the retracement, price may continue to create a new Lower Low (LL).
15M timeframe:
The trend is bullish, reflecting the pullback on 4H.
Wait for a bearish CHoCH/BOS on 15M to confirm the end of the retracement.
Trading plan:
Wait for a bearish shift on 15M.
Enter short from Supply / OB / FVG on 15M after confirmation.
Target = previous 4H low, SL above 15M swing high.
Trade active
Note
Note
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.
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.