In the 4hr timeframe , as you can see price is forming an inverse head n shoulder ,
it means price is in the reversal , so what do we look for here is a long position ,
price also failed to make a lower low in the market ,
it has a price rejection at the 61.80% fibonacci as it also lines up with the major support ,
and if we zoom in the smaller time frame , price is also making a falling wedge pattern ,
it tell us price is squeezing and showing us , if the selling momentum is slowing down ,
as you can see here i will take this trade with 1:4 RR ,
risking 10% to make 40% in my long term swing ,
remember to put the money that you afford to lose ,
let me know what you think about my analysis right here ,
Give it a like or comment if you like this idea !
it means price is in the reversal , so what do we look for here is a long position ,
price also failed to make a lower low in the market ,
it has a price rejection at the 61.80% fibonacci as it also lines up with the major support ,
and if we zoom in the smaller time frame , price is also making a falling wedge pattern ,
it tell us price is squeezing and showing us , if the selling momentum is slowing down ,
as you can see here i will take this trade with 1:4 RR ,
risking 10% to make 40% in my long term swing ,
remember to put the money that you afford to lose ,
let me know what you think about my analysis right here ,
Give it a like or comment if you like this idea !
