Short Measured Move Down.
I think 1x TP will be reached. It would be a measured move from bear breakout during asian session a little earlier.
Seems probable we will get an equidistant move down (based on height of the breakout bars). 2x TP would be ideal... and we might get enough momentum once into US session. If you are a strong bear, this could be a great win. We will have to wait and see.
Also, expecting RSI (20) on Hour Chart to reach oversold area. It has hit those levels days past.
If things go sour, I will update and say if I'm cancelling this plan.
Seems probable we will get an equidistant move down (based on height of the breakout bars). 2x TP would be ideal... and we might get enough momentum once into US session. If you are a strong bear, this could be a great win. We will have to wait and see.
Also, expecting RSI (20) on Hour Chart to reach oversold area. It has hit those levels days past.
If things go sour, I will update and say if I'm cancelling this plan.
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