1hr/4hr TL watch. Up to this point it’s been an easy short scalp. 2 reasons why I’m a bit more skeptical:
1. It’s worked well to a point where I wonder if you get too many shorts too quickly now. (No free money in the market)
2. Possible bottom after today’s REACTION to data. (Markets don’t bottom on good news, they bottom when they stop falling on bad...
D:
Sentiment: Above Neutral
Trend: up
Flow: N/A
Support: 485 b\o resistance turned support test/ 480 UTL
Resistance: 500 psych/UTL
4hr:
Sentiment: Bearish
Trend: up
Support: 480
Resistance: 500
1hr:
Sentiment: above neutral
Trend: up
Support: 485
Resistance: 492 UTL
Analysis:
Sentiment not much of a factor here considering that we can stay hot longer...
D:
Sentiment: Above Neutral
Trend: up
Flow: N/A
Support: 548 b\o resistance turned support test/ 530 UTL
Resistance: 580 UTL
4hr:
Sentiment: Bearish
Trend: up
Support: 540-543
Resistance: 560
1hr:
Sentiment: above neutral
Trend: up
Support: 550psych/UTL
Resistance: 552 UTL
Analysis:
Sentiment not much of a factor here considering that we can stay hot...
Sentiment bullish across 1hr/4hr/D and nice demand cluster support for D/4hr 56.5k-58.5k.
Flow on daily negative but has turned incrementally positive over last few hours as you can see on 4hr.
4hr DTL tightening suggests a watch for a breakout or breakdown here. Any moves prior to NFP likely short term shakeouts on both sides so scalp only playbook from...
