Waiting for price action sell signal at/near upper trend line / confluence (2030/35) to get short. If we see slow gradual market correction I will look to sell near the highest point then add to position at H1, H4 close below last Friday's low of (2008) for down trend continuation.
Note: It is always possible for markets to not play out as anticipated in any situation so I will never profess to "PREDICTING" markets, rather plan accordingly based on what markets presents to us for analysis, trade methodical, strategic and with open minded approach while scanning for familiar price-action patterns/setups that you/we have had success with in the past; this helps to build discipline when facing challenging market conditions. Trade your plan, respect your rule and have good guidelines in place to see to it that your rules are being kept.
David Calllwood - Market Analyst
www.EverythingIsACmmodity.com
Note: It is always possible for markets to not play out as anticipated in any situation so I will never profess to "PREDICTING" markets, rather plan accordingly based on what markets presents to us for analysis, trade methodical, strategic and with open minded approach while scanning for familiar price-action patterns/setups that you/we have had success with in the past; this helps to build discipline when facing challenging market conditions. Trade your plan, respect your rule and have good guidelines in place to see to it that your rules are being kept.
David Calllwood - Market Analyst
www.EverythingIsACmmodity.com