thoughts on this

Apr 22, 2021

In the daily TF we can see a market structure shift to the downside, I've drawn a trendline that is now acting as resistance with 2 touches. In the 4hr TF we can see a clear head and shoulders pattern indicating a reversal, we can also take a look at recent market structure where we have a LH, LL,LH and now we can wait for price to potentially break the previous LL and then giving us a break and retest formation. after this we could look for potential entries in the 1hr TF.

this is not financial advice, enter at your own risk.