When looking at Nasdaq on the hourly TF we see that we are making LL and LH's and therefore in the natural flow of the market we should be looking for sells for the third leg down to create another LL.
If we move down to the 15m timeframe we can see that we are currently in a sideways market and what I'd advise is only trade at the lows and highs of this small consolidation or on the other hand trade on the breakout and retest of it.
Important factor to this pair is the NY session later today and we will see how it plays out at that time.
If we move down to the 15m timeframe we can see that we are currently in a sideways market and what I'd advise is only trade at the lows and highs of this small consolidation or on the other hand trade on the breakout and retest of it.
Important factor to this pair is the NY session later today and we will see how it plays out at that time.