Currently in bearish bias and looking to keep selling until proven otherwise.
Two scenarios I like to play here:
A) Decent selling volume below previous daily high - looking to continue selling
B) Manipulation and rejection of level - will look for buys
Besides a few quick trades, I'm expecting better opportunities tomorrow and the day after; that's where I anticipate the most volume.
If market is strong enough, I'll look for major buy in area marked on chart, but seeing price now I don't expect this to happen this week tho. Still you never know, good to have a plan. Cheers.
Two scenarios I like to play here:
A) Decent selling volume below previous daily high - looking to continue selling
B) Manipulation and rejection of level - will look for buys
Besides a few quick trades, I'm expecting better opportunities tomorrow and the day after; that's where I anticipate the most volume.
If market is strong enough, I'll look for major buy in area marked on chart, but seeing price now I don't expect this to happen this week tho. Still you never know, good to have a plan. Cheers.
Trade closed: target reached
Clean B setup, will look for new opportunity
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.