For this setup, It is best seen on the daily and 4h charts, but for the sake of this analysis, I am looking at a last kiss (retest of broken zone) setup.
On the daily chart, price broke through a significant support level, and is now going up to retest it.
In my opinion, when the current 4h candle closes then that will be a much stronger signal to short than the hourly candle which has already closed.
A short position is valid in this case.
On the daily chart, price broke through a significant support level, and is now going up to retest it.
In my opinion, when the current 4h candle closes then that will be a much stronger signal to short than the hourly candle which has already closed.
A short position is valid in this case.
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