From this moment on therefore, we will be looking for buy setups. On the minor timeframes, watch out for formations and other price action patterns for an entry point on their break. For a more conservative approach, wait for a first impulse to the upside on the 4hr timeframe, wait for a small correction of said impulse on the 60min timeframe, and buy the break of said correction with a stop loss beneath it.
Updates on smaller timeframes will follow.
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Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
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