Will short on the retest and rejection.
Since price did not move further into the H4 level i have just entered a short with 0.33% risk. I also did not enter a full position because i would prefer stops above MS, but entry is too far. Ultimate target is the monthly support, but i will remove risk at TL support.
Watching for the retest of H4 + weekly for a rejection. Short the trend.
Waiting for this potential MS shift for longs.
After closing the original position for +0.25%, i have reopened this long for 0.5% risk.
Large speculators have been building short positions, and i really dont think they are done until they sweep these highs. Trend line resistance Daily resistance 200 Week EMA
Closed current long +0.25%, and waiting for the reclaim.
I would like this setup, unless it rejects off the local highs before retesting the H4 level.
Long the bounce off H4. Pretty Simple. 1% Risk.
Waiting for H4 retest to long.
Waiting for the break and retest of the H4/H1 resistance.
Still waiting on this setup.
This is a great zone to short the retest, but the problem is the consolidation prior to the move up to retest. When you get that consolidation, you can assume it will act as support on the way back down. When price fails to build supports before retesting a level, it sets up a higher probability short opportunity. You can also assume the move up will have more...
Waiting for H4 to close as a rejection and then short 0.5% risk because of the highlighted MS on the left. If it was in "open air" with no local MS to the left, then i would take 1% risk. I also want to see this High Impact USD news at 8:30am EST
There is a long setup that my be coming on this pullback to H4. Because price action formed a double top preceding the pullback, your probability of success decreases. You would much prefer price to make an initial pullback to your entry zone, before any double tops form.
Waiting for the market to clear this H4 level a little more and retest. Then looking for long for a continuation of the Daily trend.