In 4h chart price is in downtrend (I always use a 20SMA to determine the trend, and use Bollinger Bands to confirme momuntum)
Price is now testing the MA's again.
Price has made a flag, it's a good opportunity to enter if price break the flag's trendline.
Stop loss is placed just above the flag and Take profit is placed in the next S/R zone.
Price is now testing the MA's again.
Price has made a flag, it's a good opportunity to enter if price break the flag's trendline.
Stop loss is placed just above the flag and Take profit is placed in the next S/R zone.