Price entered 50% fib retracement with counter trendline for possible entry short
Volume profile broken below previous day POC, possible close today as b shaped profile indicating lower price acceptance and continuation lower.
Possibility for more hawkish BOJ and dovish ECB going into the new year providing further confluence for a move lower
Price could reject counter trendline and retest 50-61.8% fib retracement. Apply time filter execution and wait for 1hr close through counter trendline range or (buy) weekly-monthly put option contract with strike price ATM.
Volume profile broken below previous day POC, possible close today as b shaped profile indicating lower price acceptance and continuation lower.
Possibility for more hawkish BOJ and dovish ECB going into the new year providing further confluence for a move lower
Price could reject counter trendline and retest 50-61.8% fib retracement. Apply time filter execution and wait for 1hr close through counter trendline range or (buy) weekly-monthly put option contract with strike price ATM.