Price is currently trading inside this H4 channel and it is near the bottom of it. I want to see one more push down, towards the range marked on the chart and bullish divergence being created on the M15 chart. Ideally we will also get a false break on the bottom trend line of the channel.
Once that happens, look for the most recent trend line's breakout up (m15) and go long. Protection should be placed below last low, and final target would be the opposite trend line of the channel.
Once that happens, look for the most recent trend line's breakout up (m15) and go long. Protection should be placed below last low, and final target would be the opposite trend line of the channel.
