Evening traders, another one on the watch list with potential intra day opportunities for shorts as price has now broken out of the upward channel, formed a lower low, and I am now looking for the retracement to form that lower high where I will look for shorting opportunities.
As price comes down further and interacts with the higher time frame upward trend line my bias will flip to be in line with the longer term bullish trend.
Lets see how this plays out and of course we wait until we get confirmation with a candlestick pattern to confirm the trade.
As price comes down further and interacts with the higher time frame upward trend line my bias will flip to be in line with the longer term bullish trend.
Lets see how this plays out and of course we wait until we get confirmation with a candlestick pattern to confirm the trade.