Hey guys as you will see here from the photo and from my previous analysis. I have been watching this market on the short side throughout this week. This is because we are within bearish structure. The highs are being protected and the lows are being broken.
We can see a clear zone reaction at the top of the screen which sustained an entire move lower. From here I have been looking for fractal Supply zones to find entries from.
We have just tapped into one of these fractal zones (Zone 2) and I am interested how this looks on a lower timeframe. If I see correct entry confirmation I will likely look to go short. However, this is still chance that price breaks this with the idea of tapping zone 1 instead.
This is why I will be watching on the lower timeframes to view and analyse price action. If I see a Lower Timeframe distribution and breaks to the downside, shorts it is!
We can see a clear zone reaction at the top of the screen which sustained an entire move lower. From here I have been looking for fractal Supply zones to find entries from.
We have just tapped into one of these fractal zones (Zone 2) and I am interested how this looks on a lower timeframe. If I see correct entry confirmation I will likely look to go short. However, this is still chance that price breaks this with the idea of tapping zone 1 instead.
This is why I will be watching on the lower timeframes to view and analyse price action. If I see a Lower Timeframe distribution and breaks to the downside, shorts it is!