1. Daily is range bound
2. Price has come off the daily resistance and is at the top of channel resistance on 4H
3. It also coincides with a monthly support line, which may not hold
4. RSI is overbought
If the next candle is bearish and closes below the current candle and monthly support, this would be a relatively low risk trade
2. Price has come off the daily resistance and is at the top of channel resistance on 4H
3. It also coincides with a monthly support line, which may not hold
4. RSI is overbought
If the next candle is bearish and closes below the current candle and monthly support, this would be a relatively low risk trade