On H4: the market is showing price rejection. So therefore when we move down to our lower timeframe, we can see pattern formation. In this case we have our first bear flag which gives us a high probability of the downward trend. We also see that this is a low risk trade, because we’ll be taking the sells when it breakers below our correction/ranging structure with...
A symmetrical chart pattern formed and got broken out to the upside. This is a reversal pattern which has formed here. We placed our SL at our previous LH(lower high) & TP at our previous HH(higher high)
Bullish triangle got broken.
We had a a bullish flag formation on H1(lower TF). Got to capitalise on the small move to the upside.
On Higher TF (H4) we see that market broke structure and I shall wait for a continuous pattern to form before I scale in for more long positions.
This is a nice swing trade.