Hello Traders
I see overall direction as up after price violated the downtrend for the first time in a very long time. Today's price
action was creating structure high. At the moment as you can see price is at resistance and when we have an
uptrend we buy at HL. This is an opportunity for counter trend traders to take shorts confirmation on lower timeframes
as we look for evidence of rejection on this timeframe.
NB: Use your analysis to confirm the setup.
I see overall direction as up after price violated the downtrend for the first time in a very long time. Today's price
action was creating structure high. At the moment as you can see price is at resistance and when we have an
uptrend we buy at HL. This is an opportunity for counter trend traders to take shorts confirmation on lower timeframes
as we look for evidence of rejection on this timeframe.
NB: Use your analysis to confirm the setup.