After the news spike last week. We have seen price being rejected at the previous lower high formation with wicks above.
Interestingly enough we have seen a higher low, as shown on the chart, that could possibly be an early price action signal that the trend is about to shift, at least on intraday perspective.
If the market can push through that previous lower high and create a new higher high. I would like to see a lower high/retest of that structure with the required signals to enter a long position.
Interestingly enough we have seen a higher low, as shown on the chart, that could possibly be an early price action signal that the trend is about to shift, at least on intraday perspective.
If the market can push through that previous lower high and create a new higher high. I would like to see a lower high/retest of that structure with the required signals to enter a long position.
Comment:
Push through the orderblock. Awaiting a pullback for long positions
Trade active:
Market order short
Comment:
Trade closed: stop reached