My weekly bias is for price to trade up to previous weeks highs, but Mondays price action has me leaning towards a pullback before we trade up mid/late week.
Today's candle was quite bearish, so I am looking for price to trade down to Monday's lows, and possibly trade into the untapped lows from several daily candles formed last week.
I want to see price trade into and respect a bearish premium array to trigger me to look for short entry on m5/m15.
Today's candle was quite bearish, so I am looking for price to trade down to Monday's lows, and possibly trade into the untapped lows from several daily candles formed last week.
I want to see price trade into and respect a bearish premium array to trigger me to look for short entry on m5/m15.
Trade closed: target reached:
Went to target, but didn't give the pullback I was looking for in order to get short.