Chart : 4Hour
Overall Trend : Bullish
Current Market Structure :Consolidation
Scenario 1 :
We are currently in a ranging market for the past 2 Days .
Will wait on a break out and close below 17900 for us to go short .
or
Will wait for a break and close above 18000 for us to go long .
We do have some imbalance that price needs to fill on the 4Hour timeframe at 17500 .
IT IS POSSIBLE THAT IF WE DO BREAK BELOW 17900 that we will possibly see price drop to 17500 before moving towards the upside .
Overall Trend : Bullish
Current Market Structure :Consolidation
Scenario 1 :
We are currently in a ranging market for the past 2 Days .
Will wait on a break out and close below 17900 for us to go short .
or
Will wait for a break and close above 18000 for us to go long .
We do have some imbalance that price needs to fill on the 4Hour timeframe at 17500 .
IT IS POSSIBLE THAT IF WE DO BREAK BELOW 17900 that we will possibly see price drop to 17500 before moving towards the upside .