Overall HTF structure is Bearish, on the 12hour timeframe we see multiple microstructure break.
I think due to the deviation of the range below, and the structure seeming to be turning bullish, I think reversal will be pending eventually. However, as of now, we have a 3 tap process at the top of the range high with a slight deviation / liquidty grab above the high, now I want to see a short in motion all the way to the breaker which will turn demand and I may look for buys once inefficiency has been filled.
I think due to the deviation of the range below, and the structure seeming to be turning bullish, I think reversal will be pending eventually. However, as of now, we have a 3 tap process at the top of the range high with a slight deviation / liquidty grab above the high, now I want to see a short in motion all the way to the breaker which will turn demand and I may look for buys once inefficiency has been filled.
Comment:
Entry point im looking at to compound.
