After showing a good rejection upon clearing a gap on a higher timeframe coming from a good 11%+ impulse spike, awaiting for a short scalp setup to occur. A market structure shift in the lower timeframes has already occurred. Targeting an OB. If no setup occurs within London and New York Sessions overlap, this might just go sideways until next trading day.
Note
Found SHORT Setup at 1min TF inside Bearish OB. Target 1509 Swing. Then identify next Day's Bias.Note
Exited scalp trade at 1:2RR after price shows intent to move sideways as the expected second scenario on strong bullish moves such as this. Expecting heavy volatility in next session, but will closely observe what price will do with the Asian Range before deciding on a Bias. Though primary Bias would be Bearish for the next Day's Session.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.