1.Price created a small H&S on 60 min TF and now it is confirming the buy setup.
2.Divergences on 60 min TF
3. Price is near a weekly resistance trend line, so there is also the possibility that price can retest that trend line before moving up.
Any break of red trend line would invalidate the buy.
Good Luck!
2.Divergences on 60 min TF
3. Price is near a weekly resistance trend line, so there is also the possibility that price can retest that trend line before moving up.
Any break of red trend line would invalidate the buy.
Good Luck!
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