Last week had some ruff PA to trade, to keep my risk low while I am waiting on payouts I will be switching to Micros this week.
Looking at MES this week as NQ is great in a bull market however, with the most recent flip I have found better success with ES so I will be trading this until we find our bottom.
I would like to see price going into Monday with no Red folder news to do a retracement of Fridays PA. My ideal setup would to see PA take out PDL SSL and trade into that 1D FVG below then reverse with a solid 5M breaker entry during the 10-11AM SB timeframe and take out PDH. I will hold a runner if we get this setup to see how far into the internal BSL price would like to travel.
I typically cover 15M timeframes however, going into this week I can see the picture clearer on the HTF with less noise.
If we close a candle below the .5 pf that 1D FVG below then I expect the equal low SSL identified to be in the cross hairs next.
Overall we are in a clear bearish trend and I will be leaning this way until PA shows something different on a higher TF.