Area of interest for a silver shorts... I got a limit but we didn't break structure to the downside so its higher risk. Watching the lower timeframe and waiting for a sign of weakness is the safest bet.
BPX (British pound index) is extremely bearish. GU is showing signs of rejection within a weekly imbalance. Possible short for at least 50 pips.
Wait until GA approaches the major large quarter point (1.8000) and show signs of rejection.... Look for a double top on the 15 min with an evening star on the second leg of the M. Added confluence would be a failed low (where the second leg of the M does not reach as high as the first leg). Higher probability trade if there is divergence reflected on the...
GA may have already created the high of the day (HOD). If it does not push up to grab the liquidity above the white line... or into the orange order block. Expect a 100 pip drop (minimum)
GA produced sells from a weekly area of demand. I'm expecting a bearish retrace this week, with an eventual bullish target into the most recent liquidity zone. Expect big bear retracement around the 1.87250.
Dxy is testing a support while NU us showing bearish divergence on the 1 hour TF. NU should pick up some bearish momentum during Asian into London before reversing back bullish. Target .72000