Higher timeframe than id normally do, but spotted a nice set up. Volume has shifted to show sell across both indicators. On the previous downward move we created a new swinglow and it appears that we have made a lower high on the retrace. Ok risk reward ratio of 1:2. TP likely to be adjusted
High risk High reward trade. The pullback following that bullish englufing candle has been very deep giving a perfect opportunity to long at a very good level. Risk reward ratio is too good to not take the trade for me. Volume showing signs of bullish pullback, price is sitting on a trendline.
price showing signs of a potential reversal. Looking for a pullback on the previous green bar as an entry point, because its a counter trend trade i wanna make sure its a good RR ratio. MACD histogram still negative but showing signs of switching and volume turned positive.
Short, price showig signs of turning bearish. Volume indicates bears taking control on the 4hr time frame along with maintaining control on lower time frames. MACD histogram turning bearish. Decent risk reward ratio