These are some of the levels that I'll be looking at for next week.
Initially I would like a drop down to 31750/31500 where I will look for lower time frame accumulation and then look for a long up to 32400 area.
Once price reaches 32400 area and clears the liquidity I would like to see some sort of distribution pattern form so I can then look for shorts. We also have a high volume level at 32400 so it will be interesting to see how price reacts there.
We are still bearish on the higher time frames and so I need to make sure I get proper confirmation before I enter a long.
Trade safely and risk only what you can afford.
This is not financial advice and nor am I a financial advisor. Any losses or profits made can not and should not be held liable to me.
Initially I would like a drop down to 31750/31500 where I will look for lower time frame accumulation and then look for a long up to 32400 area.
Once price reaches 32400 area and clears the liquidity I would like to see some sort of distribution pattern form so I can then look for shorts. We also have a high volume level at 32400 so it will be interesting to see how price reacts there.
We are still bearish on the higher time frames and so I need to make sure I get proper confirmation before I enter a long.
Trade safely and risk only what you can afford.
This is not financial advice and nor am I a financial advisor. Any losses or profits made can not and should not be held liable to me.