Hi guys,
as you can see, the yellow box represents a good structure level that seems to be holding price above it. On the daily chart the price has gone oversold at the first touch of the zone and it's now creating a nice divergence on the 4H along with a double bottom. These are all signs that add together and that give me confidence about this trade. Please, make sure you use your own head, this is a counter trend trade, could be risky!
My entry is at the blue line, targets and stops as shown.
If you have ideas/questions, feel free to write below.
Otherwise, see you in the next chart!
as you can see, the yellow box represents a good structure level that seems to be holding price above it. On the daily chart the price has gone oversold at the first touch of the zone and it's now creating a nice divergence on the 4H along with a double bottom. These are all signs that add together and that give me confidence about this trade. Please, make sure you use your own head, this is a counter trend trade, could be risky!
My entry is at the blue line, targets and stops as shown.
If you have ideas/questions, feel free to write below.
Otherwise, see you in the next chart!