Looking at the HTF Idea purely based on the weekly timeframe. This is not what we will be executing on as we are intra-day traders however with this HTF idea, we now know where price should trade structurally and we can therefore capitalise on the HTF move by taking small pieces on a daily basis in-line with the plan.
Looking at the new weekly candle to open on market open and push up where we could potentially see price form the top wick of the weekly candle for the first bit of the week for the weekly candle to then flip bearish to continue selling-off - added confluence.
Lets see how price sets up ahead of NY open tomorrow afternoon.
Looking at the new weekly candle to open on market open and push up where we could potentially see price form the top wick of the weekly candle for the first bit of the week for the weekly candle to then flip bearish to continue selling-off - added confluence.
Lets see how price sets up ahead of NY open tomorrow afternoon.