I'm not crazy about this due to the fact that it's a counter trend, but I do see price coming lower to one of the unhealthy price action areas and retracing before coming down lower. I would take this as a lower risk trade.
Two potential areas of entry - likely the imbalance. Zero in on the lower time frame and confirm a break of structure before executing the trade.
Two potential areas of entry - likely the imbalance. Zero in on the lower time frame and confirm a break of structure before executing the trade.
Order cancelled
Too much consolidation
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.
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.