Day trading sell opportunity
1. Impulse downwards creating a sell breach
2. Weak buy pullback coming in
3. Uptrend /up channel to form on 15m
4. Reversal of trend on 15m with momentum shifted back to sell
5. Enter at the most recent structure of previous support turned current resistant
SL above recent high
TP at -0.272 of Fibonacci connected from pullback's highest point to lowest point
1. Impulse downwards creating a sell breach
2. Weak buy pullback coming in
3. Uptrend /up channel to form on 15m
4. Reversal of trend on 15m with momentum shifted back to sell
5. Enter at the most recent structure of previous support turned current resistant
SL above recent high
TP at -0.272 of Fibonacci connected from pullback's highest point to lowest point
Comment:
No confirmation for entry yet as momentum had not shifted towards sell, price now pulled back even more to create another structure. Sell is still pending for confirmation before entry.