PCP , potential continuation pattern
intraday outlook ;
price is trading in an ascending parallel pattern , having recently broken 4hr bearish trendline indicating that current market momentum is bullish .
The hourly chart is showing me a potential long setup , i am first looking for price to give me a touch/retest on the bottom trendline of the channel where potential catalyst for the upside move is liquidity pool ranging from @ 0.83394 (which is also the proximal price for hourly demand peak) to @ 0.83369 with possible targets at daily imbalance @ 0.83890.
“It takes more courage to reveal insecurities than to hide them, more strength to relate to people than to dominate them, more ‘manhood' to abide by thought-out principles rather than blind reflex. Toughness is in the soul and spirit, not in muscles and an immature mind.”
– Alex Karras
price is trading in an ascending parallel pattern , having recently broken 4hr bearish trendline indicating that current market momentum is bullish .
The hourly chart is showing me a potential long setup , i am first looking for price to give me a touch/retest on the bottom trendline of the channel where potential catalyst for the upside move is liquidity pool ranging from @ 0.83394 (which is also the proximal price for hourly demand peak) to @ 0.83369 with possible targets at daily imbalance @ 0.83890.
“It takes more courage to reveal insecurities than to hide them, more strength to relate to people than to dominate them, more ‘manhood' to abide by thought-out principles rather than blind reflex. Toughness is in the soul and spirit, not in muscles and an immature mind.”
– Alex Karras
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