- Trendline is reached
- The price almost touched the horizontal resistance and previous lower low
- We have strong reversal price action signals on the same level
- H4 timeframe - Short-term channel:
A sign of reversal would be if the price refuse to go higher and touch the upper line inside the channel.
A second one would be if we see a breakout from the bottom side.
- The price almost touched the horizontal resistance and previous lower low
- We have strong reversal price action signals on the same level
- H4 timeframe - Short-term channel:
A sign of reversal would be if the price refuse to go higher and touch the upper line inside the channel.
A second one would be if we see a breakout from the bottom side.