Hi Traders!
Here is a short mtfa Analyisis.
Let's begin with the Daily:
Here you can see the most important structure: It's the Trendline.
Let's move on to the H4-Timeframe:
There you can see the market was in two consolidation stages.
It broke out of them and is retesting them now.
Now the entry Timeframe:
We enter when the market breaks the high.
The SL is under the Breakout Area.
The TP is at the highest Top.
We recommend to trade the market with a Retest.
Thanks and successful Trading :)!
Here is a short mtfa Analyisis.
Let's begin with the Daily:
Here you can see the most important structure: It's the Trendline.
Let's move on to the H4-Timeframe:
There you can see the market was in two consolidation stages.
It broke out of them and is retesting them now.
Now the entry Timeframe:
We enter when the market breaks the high.
The SL is under the Breakout Area.
The TP is at the highest Top.
We recommend to trade the market with a Retest.
Thanks and successful Trading :)!