With this specific setup, there is not only a number of confluences in our favor, but price is at a critical point for us to consider. Taking into consideration our bias and comparing it over different timeframes can help you make more strategic choices on where to place your capital in the market. Confluences for this trade setup include a daily head and shoulder pattern, daily fibs, 4-hrly fibs, 4-hrly trendline (descending), daily trendline (ascending), daily key level, 4-hrly institutional level, daily pivot point suggesting bullish price action to form a new lower high in the current shorter term downtrend; daily pivot suggesting bullish price action
This trade will be published to our Telegram. We won't be entering the market until after the CPI numbers in around 1 hour.
This trade will be published to our Telegram. We won't be entering the market until after the CPI numbers in around 1 hour.
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