How to prepare for trade

Unveiling the secrets of top-down analysis and trade preparation on USD/BTC! 📈

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Time Frames: 4H, 30min ⏱
Join me as I embark on a journey through the charts, starting with a higher time frame analysis to uncover the previous major high area. Witness how the price respects the closure level and reacts to the high structure zone. 📊

Delving deeper into the lower time frames, specifically the 30-minute chart, we witness the clear representation of key highs and lows within the structure. Notice the presence of the previous higher high and higher low structure zones. While the price successfully respects and reacts to the higher high area, it fails to bounce effectively and breaks it, signaling a potential structure shift. The next crucial step is to break the higher low to achieve a complete shift in the structure. 🔄

Currently, my bearish preparation on this pair focuses on the break and retest strategy targeting the higher low structure zone. If the break and retest pattern forms successfully with all the required elements, we anticipate a potential continuation towards the next structure zone. 🐻💥

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