Looking for a retracement into the 61.8-78% area before entering a short position. Located a large imbalance in that area which could provide a good resistance framework. Also located a stutter candle which may provide a good entry point for a lower pip SL and therefore, a larger R:R ratio. Looking for a market execution once my analysis is confirmed.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.