BTCUSD 4H DPO Analysis - Possible inverse H&S

The detrended price oscillator is excellent and removing "noise" from the price action chart. And is showing a possible inverse H & S pattern forming.
Entry at 7100
Set stop loss under support line.
Watch for when New York volume wakes up!!

Transaction en cours:

Notice the level of bullish divergence between the price action chart and the DPO.

Commentaire:

So nice when the risk and exposure is removed in less than 30 minutes.
Entry was 7100
Stop loss at 7145

Keep eye on new york volume.
especially near end of day trading to determine take profit if necessary

Trade fermée manuellement:

Transaction en cours:

Trade fermée: ordre d’arrêt atteint: