nice setup for Short. next 1h close is strong indication for goin Short. I know you would say its at support but im no ordinary trader. Stop loss above daily pivot at around 139,90 ish. we have bearish on stoch 1h,4h and daily. should be safe but let see what market brings.
No trade at the moment but patiently waiting something to happen. on the upper side we have upper daily trend channel. so i wont take any Longs here atm. want to see a break of that channel and confirmed holding as a support then. But i would like to take Short if we can get some strong red candle out of this congestion area. we have room to the lower area or even...
Today we can expect one of these 3 options. most probable is a consolidation movement till we break out tomorrow. we have some option to the L side to profit, but real profit lies to the S side but first we have to get confirmation to the S side. also check daily and 1h timeframe. on daily we are in consolidation area for now but could be preparing for Short explosion.
We are between supp and resistance in upper quadrant. making LLs and LHs. Good place to Short it for today...SL migh be a bit huge for someone but place is very good to Short it.Im risking 40t this time.
Yesterday we didnt get any pullback, but lets see if we can get one today.I consider it as pullback already happened if you can see that wick to the area and rejected...just want to see a nice bullish candle to enter.
CL is in down channel and its a nice small opportunity to take few ticks on the way down to 53.00 area where it Will test that area again. High volume was traded in that area thats why we can expect to bounce to the upside again, of course with confirmation.