In weekly TF we have a CHoCH to the up.
In daily TF we're in the pull back of the weekly TF, so we're in a down trend.
In 4H TF we had a BOS of previous low and now we're in a pull back to the up.
I think these two areas have the most potential to go short.
We can set sell limit orders but for more confirmation we can wait for a CHoCH in lower TF(Like 5min TF) and then dive into it ;)
Let see what will happen...
Good luck.
In daily TF we're in the pull back of the weekly TF, so we're in a down trend.
In 4H TF we had a BOS of previous low and now we're in a pull back to the up.
I think these two areas have the most potential to go short.
We can set sell limit orders but for more confirmation we can wait for a CHoCH in lower TF(Like 5min TF) and then dive into it ;)
Let see what will happen...
Good luck.
Comment:
We didn't have a CHoCH in lower TF, So I think first area is not valid and I'm looking for entry after a shift from upside to the downside in lower TF.
Comment:
If we have a CHoCH in 5 or 15 minute TF between 78-79 price area I'll go short...
Trade closed: stop reached