Good evening,
We have seen a daily downtrend in this market, as most of you know I work down from the higher timeframes to the lower. As we can see from the chart on the 30m timeframe we are approaching a zone where we can expect sellers. We can see the volume in the upper blue rectangle holds a lot of money, it's our job to monitor what happens when the price reaches that level. What I would like to see is a few smaller candles as we approach and then a large red candle to prompt a short entry. Let's see how this one plays out, if you have any questions feel free to message me.
We have seen a daily downtrend in this market, as most of you know I work down from the higher timeframes to the lower. As we can see from the chart on the 30m timeframe we are approaching a zone where we can expect sellers. We can see the volume in the upper blue rectangle holds a lot of money, it's our job to monitor what happens when the price reaches that level. What I would like to see is a few smaller candles as we approach and then a large red candle to prompt a short entry. Let's see how this one plays out, if you have any questions feel free to message me.