Possible scenario to go long when price breaks the previous high
We can see currently that ascending triangle is in place, looking at the impulse and correction buyers are in control right now
price may potentially breaks the structure and go higher with the bulls, bears might come in after since the daily is trending down.
1 hr chart is in an up-trend
4 hr chart sideways
Daily chart is on a down-trend
price may potentially breaks the structure and go higher with the bulls, bears might come in after since the daily is trending down.
1 hr chart is in an up-trend
4 hr chart sideways
Daily chart is on a down-trend