Hello my friends, looks like this market is forming another Head and Shoulders (which its very fond of), we have broken the steeper of the two daily trendlines and subsequently bounced hard off the second possible one, the weekly chart is printing relatively bearish candles despite the bounce, combined with the pattern this looks like a good short. Put your entry below the neckline, let the market sell you in if you are right and don't ANTICIPATE ahead of news by entering early. Just my thoughts :)
Just a heads up that entry is a little tight, just not sure what to expect in terms of wicks and volatility, so im still adjusting it.
Just a heads up that entry is a little tight, just not sure what to expect in terms of wicks and volatility, so im still adjusting it.