Whats going on guys, welcome back to my page, hope you all had a wonderful trading day yesterday and carry that momentum into today. Ill make this one short and sweet
As we can see, price has made a lower high on the 1H chart when some of us were asleep, this is telling me that a downtrend is prevalent and I should bias shorts over longs. This along with other confirmations of a continuation are as follows:
- Price is under a recently created crossover on the 1H chart
-Lower Highs Formed
-Long upper wicks present on recent 1H candle
Now things that DONT support a sell include these:
- Price is in a liquidity zone I have marked from last week
- Price could reverse because of the NY session beginning soon
My advice to you all is to favor a short over the reversal simply because if you take a look on the 4H chart you can see the whole picture much easier. You could wait for price to exit the liquidity zone as well
Trade Safe, Trade Smart, Trade Precise; see yall in the next idea!
As we can see, price has made a lower high on the 1H chart when some of us were asleep, this is telling me that a downtrend is prevalent and I should bias shorts over longs. This along with other confirmations of a continuation are as follows:
- Price is under a recently created crossover on the 1H chart
-Lower Highs Formed
-Long upper wicks present on recent 1H candle
Now things that DONT support a sell include these:
- Price is in a liquidity zone I have marked from last week
- Price could reverse because of the NY session beginning soon
My advice to you all is to favor a short over the reversal simply because if you take a look on the 4H chart you can see the whole picture much easier. You could wait for price to exit the liquidity zone as well
Trade Safe, Trade Smart, Trade Precise; see yall in the next idea!