H4 Flag continuation pattern
This might turn into a great trade. There is this very beautiful Flag pattern that was broken and now it is being retested.
SELL entry confirmations:
1. Renko is still red
2. OBV still down
3. Flag Pattern. With this last down movement, a lot of SL were hit.
4. MA still down
5. Retest at the resistance level
Indicators against:
6. RSI DIV
Entry - ONLY AFTER H1 MA are crossing.
SL - WIll be above new created highs, after MA crossing
TP - Tit will be to 1.272 fib level from H4 chart.
Don't Stumble Trading. Trade Safe!
SELL entry confirmations:
1. Renko is still red
2. OBV still down
3. Flag Pattern. With this last down movement, a lot of SL were hit.
4. MA still down
5. Retest at the resistance level
Indicators against:
6. RSI DIV
Entry - ONLY AFTER H1 MA are crossing.
SL - WIll be above new created highs, after MA crossing
TP - Tit will be to 1.272 fib level from H4 chart.
Don't Stumble Trading. Trade Safe!
Trade active