Good Morning London,
The H4 is a currently in a bearish cycle, evidenced by the break of structure that took place last week.
Yesterday, we saw the market begin to give a bearish continuation to the downside but stalled towards the end of New York.
I'm anticipating a bearish continuation this morning based on the following:
Potential RR is a 1:6 adjusted to a static RR.
The H4 is a currently in a bearish cycle, evidenced by the break of structure that took place last week.
Yesterday, we saw the market begin to give a bearish continuation to the downside but stalled towards the end of New York.
I'm anticipating a bearish continuation this morning based on the following:
- 30mins BMS with price currently within HVA
- Price traded above the 15mins buyside zone EU open where I'm looking to be a seller
- H1 and H4 is currently within a bearish cycle with a clear target at the LOR (1.08356)
Potential RR is a 1:6 adjusted to a static RR.
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