I have drawn from what I see an pattern. Price has come down to test the ascending line, with 2 long wicks forming on the H4.
This represents demand from buyers who are either taking profit or entering into long positions.
The risk to reward of this trade is 3.
There is a minor S/R at 1495, so if price can break that, then I am really until the major S/R.
On the we can also see that although , the momentum for the bears seems to be decreasing.
Daily trade analysis and ideas:
My only promise is that I will try to get better as a trader every single day.