The trend is Descending based on both daily and weekly time frame.
Watching H1 and H4 time frames to provide us with a high probability SHORT position setup.
I see a likely ABC pattern in H4 time frame that is in contrast with the sell position but In H1 we see a level transformation that confirms the trend.
As the H4 was previously more reliable so I think watching this time frame for an appropriate setup will be a great idea.
If the account is full enough! the short position was executable before with stop loss at above (december 13th High)
Watching H1 and H4 time frames to provide us with a high probability SHORT position setup.
I see a likely ABC pattern in H4 time frame that is in contrast with the sell position but In H1 we see a level transformation that confirms the trend.
As the H4 was previously more reliable so I think watching this time frame for an appropriate setup will be a great idea.
If the account is full enough! the short position was executable before with stop loss at above (december 13th High)