Overall Trend on Daily TF shows an uptrend so I’m looking for a buy opportunity. Scaling down the tf charts, I spotted a true retracement on the 4hr tf but no break and retest. Continuing down to the 1hr tf, i spotted a head and shoulders formation that played out previously, in which market consolidated forming a falling wedge. Price rejected hard off my key...
Scaled key levels on the monthly. Daily time frame showed an overall uptrend. There was a break of trend and retest on 4 hr which created a true retracement at the 1.81388 which would be my entry seen on the 1 hr. Stop loss 1.76918....TP1 1.86102, TP2 1.88540
