Hey guys!
Todays forecast is simple and clean, we are in both a 1hr and 4hr sell range.
Both of these ranges have not been mitigated (BFI's haven't protected orders) As such I am expecting a retrace to the start of the current move down before resuming the downwards trend-Price may also only pull back to the equilibrium of the move which is something to be aware of. Alternatively a sweep of the Asian session lows and a 5min buy range would offer a reasonable entry long to fill the PA before continuing lower.
As always Happy Trading
EnvisionEJ
Todays forecast is simple and clean, we are in both a 1hr and 4hr sell range.
Both of these ranges have not been mitigated (BFI's haven't protected orders) As such I am expecting a retrace to the start of the current move down before resuming the downwards trend-Price may also only pull back to the equilibrium of the move which is something to be aware of. Alternatively a sweep of the Asian session lows and a 5min buy range would offer a reasonable entry long to fill the PA before continuing lower.
As always Happy Trading
EnvisionEJ