After putting in a Lower Low, Lower Close on Monday, we should expect to see continued movement to the downside. The question is, How can we get involved. Well during yesterdays Live Trading Room, we discussed waiting for a pullback up into previous structure support
which should now act as resistance and then build up a case for entry.
We now have price action
right in our kill zone which has Ratio confluence, an advanced pattern
is over sold.
Aggressive traders would be looking to enter at market whilst more conservative traders may be waiting for a retest of structure with RSI
Either way, this trade offers extremely good risk reward