This setup is based on the D1 and H4 chart cycles.
There are two options to join:
Option 1:
If we get bullish divergence on the H1 chart we can attack and protect last low. Keep in mind this setup would be invalidated if we get a close below the up trend line (yellow dotted).
Option 2:
Break above the down trend line (aqua/blue color)
Stop Loss – below last low created.
Target 1 – at least 1:2 risk reward ratio (calculate it based on the SL and Entry).
Target 2 – top of the range.
There are two options to join:
Option 1:
If we get bullish divergence on the H1 chart we can attack and protect last low. Keep in mind this setup would be invalidated if we get a close below the up trend line (yellow dotted).
Option 2:
Break above the down trend line (aqua/blue color)
Stop Loss – below last low created.
Target 1 – at least 1:2 risk reward ratio (calculate it based on the SL and Entry).
Target 2 – top of the range.
