Considering Long Positions: MHV + CSA + AO + Dominant Break Buy
I'll be focusing on longs for now because:
* Price failed to make new momentum sell candle
* CSA Buy Signal (green candle on MA low and high)
* AO Divergence on 1hr
* Dominant break buy setup
We already have setup on 4h chart as well that strengthens this idea (dominant break buy)
On 1hr chart, there's already AO Bullish Divergence which tells us that price might want to reverse.
This setup is invalid if price closes below the IB zone.
And price will continue to go down if candle manages to create momentum sell (red candle breaks low bb)
Setup invalid if price closes below the IB zone.
Since the price already re-tested on the buy area, I will just find re-entries on minute charts using BBMA.
* Price failed to make new momentum sell candle
* CSA Buy Signal (green candle on MA low and high)
* AO Divergence on 1hr
* Dominant break buy setup
We already have setup on 4h chart as well that strengthens this idea (dominant break buy)
On 1hr chart, there's already AO Bullish Divergence which tells us that price might want to reverse.
This setup is invalid if price closes below the IB zone.
And price will continue to go down if candle manages to create momentum sell (red candle breaks low bb)
Setup invalid if price closes below the IB zone.
Since the price already re-tested on the buy area, I will just find re-entries on minute charts using BBMA.
Comment:
tp #1 hit.
Comment:
setup invalid