Overall market seems to be consolidating between support and resistance. It tested my hourly trend line and failed to break.
It last rested my 4 hour trend line and bounced back to its current high. Price failed to make a higher high meaning we could see a possible sale entry soon. We are now consolidating on the 15 minute and I am waiting for the retest of consolidation. Once it breaks the box and retests we are confirming a sale position. However, I will need a bit more confirmation to enter a sale position depending on how strong the break is. It might be a false break so we need to see momentum push in our direction.
For now I am waiting on confirmations to enter the trade. We want to be confident entering.
Note
Price broke out of consolidation above it. It needs to go back into the zone and retest it to invalidate our trade. If it moves back into our zone and starts to consolidate again we could still see a sell trade.Trade active
We are in the sell trade! Huge bearish engulfing candle that broke trendline
Trade closed: target reached
50 pips secured! 
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Disclaimer
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.