Weekly momentum remains bullish although the current week had a bit of a rally to the upside. The previous weeks lows have also been broken which signifies selling momentum overall
A bullish push on the daily timeframe has allowed for a discounted entry. With the current days candle already looking like its about to flip bearish, selling positions look probable at this time
The last significant H4 resistance has been tested and found a hard rejection upon attempts to push higher. This confirms that the H4 timeframe is more likely to fall away
The 30min timeframe has had the last significant lows broken which has changed the trend to bearish for the time being. A support region has been holding pre-Asian session which I hope to see break for selling opportunities
With this in mind, I have set a sell stop in order to catch momentum should it continue. Targets set at the end of the previous low traffic area
A bullish push on the daily timeframe has allowed for a discounted entry. With the current days candle already looking like its about to flip bearish, selling positions look probable at this time
The last significant H4 resistance has been tested and found a hard rejection upon attempts to push higher. This confirms that the H4 timeframe is more likely to fall away
The 30min timeframe has had the last significant lows broken which has changed the trend to bearish for the time being. A support region has been holding pre-Asian session which I hope to see break for selling opportunities
With this in mind, I have set a sell stop in order to catch momentum should it continue. Targets set at the end of the previous low traffic area