GBPUSD Pound makes a 1hr flat which is a continual pattern so we may see a more move down before considering any upside until then plan your trades and trade your plan.
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BTC low time frame buy setup, triple bottom reached correctively with descending channels, now we have bullish impulse and we are forming flag continuation correction , if broken upside the next bullish impulse is probable.
for more confirmations its better to wait the flag breakout.
In this video, I am going to backtest my indicators' signals by scalping Bitcoin.
My indicators work best on higher timeframes and they have quite high win rate more than 85%. However this time, I am going to do something different by applying my indicator on Bitcoin the 15 minutes chart. I will go back couple of back in time and start replay mode. So let's get to it!!
1. inverted head and shoulder pattern (blue line )
2. at higher time frame its a retest to a higher time frame (white trend line )
3 retesting shoulder line of inverted head and shoulder pattern (green in colour)
A FALLING WEDGE PATTERN BEING FORMED IN 15 MIN CHART!!
A PARLLEL PATTERN BEING FORMED IN 1 DAY CHART!!
A good call for intraday if candle breaks up then will retest and move to its resistance level that is off 644!!
And if candle retest then can come up to its support level which was generated with gap up opening that is off 630!!
Their will be the risky trade...