Although we are bullish on higher timeframes and getting positive PMI results. I think market is looking to pullback before another upward move. On the 4h we had a breakout from a range denote with the green box. We are now seeing price pullback into that support level looking to turn resistance. We have a sell limit order set, with stops above the range high and take profit 145.00. Then we will look for high probability setups to go long, with coincides with the overall bullish trends. This is a counter trend setup so be careful.
Note
Update our trade was triggered but we did not hit our initial target of 145 but we did make it dow to the green zone around 146 and got out when the red pin bar formed. there is a considerable amount of 4hr imbalance that may get filled be for upside movement
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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.