Risk Reward 4
4 Hour is a Sellers Market
1 Hour Trade
As anticipated the buyer run is finding exhaustion at previous breach levels where the 4hr seller lives. It will either shoot up to retest this breach line soon or will loose more steam first and then test this higher level again.
When it does spike it shouldnt go to the top zone but you never know so watch carefully for sell signals and if it wants to higher let it and grab a better entry at the top of sell zone.
The larger 4 hr trend is down BUT there is an older 4hr up trend which recently held so dont count out the buyers. A range could definatley develop if it drops to test this green line again.
Watch your entry closely and use a tight stop loss at the seller lines
4 Hour is a Sellers Market
1 Hour Trade
As anticipated the buyer run is finding exhaustion at previous breach levels where the 4hr seller lives. It will either shoot up to retest this breach line soon or will loose more steam first and then test this higher level again.
When it does spike it shouldnt go to the top zone but you never know so watch carefully for sell signals and if it wants to higher let it and grab a better entry at the top of sell zone.
The larger 4 hr trend is down BUT there is an older 4hr up trend which recently held so dont count out the buyers. A range could definatley develop if it drops to test this green line again.
Watch your entry closely and use a tight stop loss at the seller lines
It may continue but watch sup zone for what develops next