Potential for Channel to be bear leg in a larger trading range, a red FBO bar would offer a good signal to put small risk on.
Looking for strong selling pressure to build after initial signal or its a scalp.
Potential to catch a scalp with possible squeeze momentum after BO of sustained bear trend,
Would need significantly more bars with good bulllish momentum to consider long.
Rare Bull BO of bull channel, coming up off higher TF Demand zone, potential magnet to higher TF supply.
Showing increasing bull momentum, if continues looking to ride some long.
Short term trade looking for 2nd Leg of BO after nice risk level established
Not wanting FBO price action.
Wanting some solid follow through bars within 3 bars
Took the short on HG but now looking at daily chart I cant help but notice that 5/6 bars are dojis.
The bull leg up before the sell of was made up of choppy bars.
We are 5% Down in a few hours.
I can't help but think today will close as a doji.
Taking a small trade just to feel it out.
