So I identified a Double top on the Daily which was hit and retraced from, the idea being a 2618 trade setup in progress.
I wasnt able to get into a trade so will be taking a backseat and waiting for the next opportunity to get involved in a trade.
Now on the 4hr we have alot of structure so I see 2 possibel outcomes.
1. We come down to previous support and bounce and see a rise to previous highs
or
2. We break previous support and test the previous are of support which would be in line with the 2618 trade looking for bearish movement
The thing I have doen more over the last 2 weeks is just wait and see what happens, this has given me more time to consider other possible moves that could happen.
I wasnt able to get into a trade so will be taking a backseat and waiting for the next opportunity to get involved in a trade.
Now on the 4hr we have alot of structure so I see 2 possibel outcomes.
1. We come down to previous support and bounce and see a rise to previous highs
or
2. We break previous support and test the previous are of support which would be in line with the 2618 trade looking for bearish movement
The thing I have doen more over the last 2 weeks is just wait and see what happens, this has given me more time to consider other possible moves that could happen.