50% fib rejection and possible CTL crossover by the end of the hour will trigger a short entry for me. I will be looking for -27% as target. 2.5:1 R:R.
Only negative confluence i have to go short is the previous daily candle, bulls really pushed price back up yesterday so potentially a lot of buyers in the market.
Only negative confluence i have to go short is the previous daily candle, bulls really pushed price back up yesterday so potentially a lot of buyers in the market.
Comment:
No entry taken on this one, 1H didn't close below CTL and the economic news at 1:30GMT gave strength to the USD.