Traders,
Good opportunity to go short if: A) You already have short positions from the previous LH... B) You are shorting for intraday profits. There is application for long holds, but do so with caution.. This lower high is very minor, and although supported by confluence and minor resistance, it looks like it hasn't got the velocity for a big move, yet. But it could do!
Best of luck
Tom
Good opportunity to go short if: A) You already have short positions from the previous LH... B) You are shorting for intraday profits. There is application for long holds, but do so with caution.. This lower high is very minor, and although supported by confluence and minor resistance, it looks like it hasn't got the velocity for a big move, yet. But it could do!
Best of luck
Tom