DON'T MISS
Price has currently breakout from a previous market structure which is visible on the 4 hours chart, the breakout from that structure will change the direction of the previous down trend which in this case will be uptrend.
Market has just approached the previous high which there are two possibilities that could happen in this scenario which are market breaking out of the previous high resistance and if this happens then we will be anticipating more bullish and if market stays below the previous high structure then we will anticipate price to drop more lower creating a new Lower Low structure before a BULLISH movement will occur.
We go more lower to the smaller timeframe for entries and exit.
Price has currently breakout from a previous market structure which is visible on the 4 hours chart, the breakout from that structure will change the direction of the previous down trend which in this case will be uptrend.
Market has just approached the previous high which there are two possibilities that could happen in this scenario which are market breaking out of the previous high resistance and if this happens then we will be anticipating more bullish and if market stays below the previous high structure then we will anticipate price to drop more lower creating a new Lower Low structure before a BULLISH movement will occur.
We go more lower to the smaller timeframe for entries and exit.