H4 sellers in control
H1 buyers have faded and sellers reached equilibrium and with buyers testing H1 channel resistance, H4 resistance, and Daily resistance just above. Positioned for an eventual large sell move.
Entry: .69611 (manual entry/no sell limit)
Target 1: .69271
Target 2: .69123
Stop Loss: .69665
Plan: Looking for last push of buyers to die and give up, will monitor momentum of test 2
- take some profit at bottom of H1 range
- Look for retest of H1, H4, and Daily resistance.
H1 buyers have faded and sellers reached equilibrium and with buyers testing H1 channel resistance, H4 resistance, and Daily resistance just above. Positioned for an eventual large sell move.
Entry: .69611 (manual entry/no sell limit)
Target 1: .69271
Target 2: .69123
Stop Loss: .69665
Plan: Looking for last push of buyers to die and give up, will monitor momentum of test 2
- take some profit at bottom of H1 range
- Look for retest of H1, H4, and Daily resistance.