GJ is looking beautiful here for potential short opportunities, price is extremely over extended since removing all stops above the massive daily wedge formation, now i am expecting a corrective move we have a strong psychological level in confluence with 4H supply at 167.500.
On the LTF price is consolidating in a bullish flag formation, but given the current over extension and level price is at i believe this flag is an induction pattern. I would like to see short stops removed above the Asian session high and buyers induced into the market from the flag breakout. If price follows my projection i will be looking for short confirmations at the 4H zone of confluence ✅
Disclaimer
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.
Disclaimer
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.