Price creating a lower high to signify more downtrend on the 4hours time frame but the daily still shows bullish lows not validated
Bos( break of structure)from the upside changes to the downside price already created a lower low looking for a next lower high liquidity for a continuation to the downside
Market current price no set-up for me so I don't have concrete proof that the bull trap might be over and a deep retracement my occur before a continuation to the upside if price still respect the trend
No setup for me so I will be out of the market for today but my advice is stay away from the bull trap soon we need a retracement before a continuous push it price still respect the bullish trend trade safe trader
Price need a liquidty before another continuation to the upside so therefore I'm looking for my buy around my BSL/PDL
A break above and a close around 1.92797 see price to 1.95392 A wick rejection below 1.92797 see price to 1.91238 My reason is that daily time frame previous high wasn't broken so therefore either a retracement or liquidty should occur or the liquidty that has occur on my PDL is valid liquidity to generate price Higher