This is my setup for today.
There's still a lot of pressure in the market however i feel the markets needs to correct before continuing with the trend
Reason for trade:
- Price Over Brought
- Strong Wick Rejection on the 1hr
- Strong (Respected 3-4 Times)
When trading pull backs timing is everything. I prefer trading with momentum however i couldn't resist taking this trade. Lets see how it plays out.