1.) Looking at where I marked my yellow arrows we can clearly see that price is falling back down to a major level of support as this level has been tested multiple times.
2.) Looking at our RSI indicator we can see that price has formed a Hidden bullish divergence (Trend Continuation)
Overall for the past three weeks price has been on a steady uptrend so it's only right for me to be looking at long trades throughout this week based on the 4H. As price is getting closer to my entry point I'll be going down to the lower timeframe for reversal entries.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.