Straight forward, this is bullish and has no reason to stop being bullish. HH and HL are the indications of the strength of this trend. Within the channel is where the action is. Current price we bearish.
For now stay away from the trade idea but rather on the movement of price. We melting downwards, which resembles the supply but not the demand because it could still be up. For now hold and wait for consolidation before wanting to enter sells.
LET CONSOLIDATION BE MIMUMUM 5-10 CANDLES, this is a better confluence as this will give us a price squeeze and better direction predictions.
Trade Idea : Buy Limit
SL - 38680
Entry - 38835
TP - 40010
For now stay away from the trade idea but rather on the movement of price. We melting downwards, which resembles the supply but not the demand because it could still be up. For now hold and wait for consolidation before wanting to enter sells.
LET CONSOLIDATION BE MIMUMUM 5-10 CANDLES, this is a better confluence as this will give us a price squeeze and better direction predictions.
Trade Idea : Buy Limit
SL - 38680
Entry - 38835
TP - 40010