Hey guys what's up so I am looking at AU having the possibility of a sellers trap setting and I want to briefly explain why I think this is the case
Looking at all the higher timeframes we can see that bears align almost exclusively across the board - this is good for a sell but my issue is the timing
If it is to sell, why hasn't it as of yet? Why is it waiting around at this area? What is in this area?
These are questions I think most traders who (even if they are on the right side of the move) neglect to ask and it is why you may experience the market stopping you out of your sell (if I am right) and then proceeding to sell anyway
It wasn't your directional bias it was your timing
This is what I wanted to break down and explain to you
I hope it made sense to you and if it didn't don't be afraid to reach out to me
If you disagree with me - respond to me and try to explain to me why you disagree - I'd be glad to submit if you can get me to understand what I missed
Looking at all the higher timeframes we can see that bears align almost exclusively across the board - this is good for a sell but my issue is the timing
If it is to sell, why hasn't it as of yet? Why is it waiting around at this area? What is in this area?
These are questions I think most traders who (even if they are on the right side of the move) neglect to ask and it is why you may experience the market stopping you out of your sell (if I am right) and then proceeding to sell anyway
It wasn't your directional bias it was your timing
This is what I wanted to break down and explain to you
I hope it made sense to you and if it didn't don't be afraid to reach out to me
If you disagree with me - respond to me and try to explain to me why you disagree - I'd be glad to submit if you can get me to understand what I missed