Chart : 4Hour
Overall Trend : Bullish
Current Market Structure :Consolidation
Scenario 1 :
We are currently in a ranging market for the past 2 Days .
Will wait on a break out and close below 17900 for us to go short .
or
Will wait for a break and close above 18000 for us to go long .
We do have some imbalance that price needs to fill on the 4Hour timeframe at 17500 .
IT IS POSSIBLE THAT IF WE DO BREAK BELOW 17900 that we will possibly see price drop to 17500 before moving towards the upside .
Overall Trend : Bullish
Current Market Structure :Consolidation
Scenario 1 :
We are currently in a ranging market for the past 2 Days .
Will wait on a break out and close below 17900 for us to go short .
or
Will wait for a break and close above 18000 for us to go long .
We do have some imbalance that price needs to fill on the 4Hour timeframe at 17500 .
IT IS POSSIBLE THAT IF WE DO BREAK BELOW 17900 that we will possibly see price drop to 17500 before moving towards the upside .
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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.
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.