1. Pullback Setup 2. Price reached 78.6% Retracement Level 3. Stop Loss based on Lower TF structure
On daily timeframe, new market structure has formed. Now patiently waiting for pullback towards 61% level for possible formation of another HL.
Price is at resistance level, therefore my bias is to short this pair. Waiting for it to invalidate the market structure level. Will go short once a pullback happens.
Still in bearish as it did not violate the downtrend market structure
Sideway, therefore waiting for breakout above recent Higher High or below Higher Low
Still in bearish as it did not break recent Lower High
Still in bearish as it did not break recent Higher High