Good day traders,
Im Looking at the weekly profile to get into a short for the weeks ending, and possible high chance of Bearish reversal and making off the weekly high.
Market has been building alot of SSL without a big retracement yet.
Price took BSL bigger timeframe, that was a high probability for the market to grab for a long time now. Was acting as (fake) resistance line.
Above my range there is a FVG on the 4H way back in priceaction where potential big instutions can be Shorting.
Im expecting market to range before the NFP release and with the release start the reversal.
I will enter on re-entry short for extra confirmation, and avoid the big volatility NFP brings.
Watching for price/NFP to create a last (Fake run) bullish to trap most traders in the market with long positions.
Alert: Wait first for the setup to create after the news release. Could be volatile wicks.
No financial advice.
Have a great day,
Dave
Im Looking at the weekly profile to get into a short for the weeks ending, and possible high chance of Bearish reversal and making off the weekly high.
Market has been building alot of SSL without a big retracement yet.
Price took BSL bigger timeframe, that was a high probability for the market to grab for a long time now. Was acting as (fake) resistance line.
Above my range there is a FVG on the 4H way back in priceaction where potential big instutions can be Shorting.
Im expecting market to range before the NFP release and with the release start the reversal.
I will enter on re-entry short for extra confirmation, and avoid the big volatility NFP brings.
Watching for price/NFP to create a last (Fake run) bullish to trap most traders in the market with long positions.
Alert: Wait first for the setup to create after the news release. Could be volatile wicks.
No financial advice.
Have a great day,
Dave
Could be the market already breaking down without a retest or grab from the BSL above.
And chance with NFP just wicks out the short term BSL on friday.