On the daily TF, we can see price being consolidated between strong areas: Middle BB and 150 EMA. We also see a descending triangle pattern and let's see which side price breakouts to.
Entry: price action bar in lower TF (1H / 4H).
It price breaks above, then we will likely be trailing the trade as trend has reversed.
If price breaks below, take profit target at Bottom BB.
Entry: price action bar in lower TF (1H / 4H).
It price breaks above, then we will likely be trailing the trade as trend has reversed.
If price breaks below, take profit target at Bottom BB.