Trade what we see.
Nice break and re-test on the 4hr chart. It looks like a stop hunt occured during the re-test and people with really tight stops probably got slaughtered, or they through the market was turning bullish and then got stopped out again.
We are in quite a messy zone and i'm waiting for more red candles to appear, but the setup at the moment looks like this:
Nice break and re-test on the 4hr chart. It looks like a stop hunt occured during the re-test and people with really tight stops probably got slaughtered, or they through the market was turning bullish and then got stopped out again.
We are in quite a messy zone and i'm waiting for more red candles to appear, but the setup at the moment looks like this: