Yesterdays daily candle closed as a bearish pinbar rejecting resistance. This indicates that the buyers tried to push the market higher but failed.
I'm waiting for the support zone to break before looking for a sell.
NOTE: The market has been consolidating at resistance indicating a lack of sellers. DXY has also been very bullish and shows no signs of bearish sentiment. If I do take this trade I will use a large stop loss and i'll look to take partial profit as soon as possible.
I'm waiting for the support zone to break before looking for a sell.
NOTE: The market has been consolidating at resistance indicating a lack of sellers. DXY has also been very bullish and shows no signs of bearish sentiment. If I do take this trade I will use a large stop loss and i'll look to take partial profit as soon as possible.