Reason to sell - ICI (impulse correction impulse) pattern possibility - The fakeout reaction on the SSL is not strong enough to shows long strength. - market shows strong short reaction to 0.168 fib. When/Where to sell - Wait the price to pullback to 0.5/0.168 again to have a great RRR
Reason to short. - Break multiple Liquidity BSL. Where to sell. - Purple dot line - The purple line indicates FGV in 4H, hence, it can be used for zone to trade. - However, if break FGV, then market will bias to long. When to sell. - Bearish engulfing in lower TF - Maybe wait for another bullish, then bearish in lower TF