Institutional order flow on MCL1! is showing a draw on liquidity with relative equal lows near 55 - 55.5 pricing.
Dropping down to the lower time frame the swing structure holds true and is pointing at lower prices in the near future.
We're looking for entries on the lower time frame and following the fractal trend within the Daily.
Waiting for confirmations, it looks like today will be a bearish day with the nearest target of 59.31
As always, wait for a confirmation entry, and hold small running positions for if we get deeper profits.
Dropping down to the lower time frame the swing structure holds true and is pointing at lower prices in the near future.
We're looking for entries on the lower time frame and following the fractal trend within the Daily.
Waiting for confirmations, it looks like today will be a bearish day with the nearest target of 59.31
As always, wait for a confirmation entry, and hold small running positions for if we get deeper profits.
Trade active
break of structure below 59.91 - looking for short entry
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.