Summary: Good signs of being overbought on the higher timeframes.
However, need to see more definitive bearishness on the lower timeframes like the H1 and 15min.
Should that happen, this allows for an entry with an achievable 1:1 reward to risk (or greater). That assumes a stoploss above the high of the daily candle on 6th August
However, need to see more definitive bearishness on the lower timeframes like the H1 and 15min.
Should that happen, this allows for an entry with an achievable 1:1 reward to risk (or greater). That assumes a stoploss above the high of the daily candle on 6th August