higher time frame shows that's its re distribution. in the 4 hr it rejected the 62 perfectly and i think im shorting it to the OB, sweet and simple as trading should be
if the 4 hour closes with the double top i believe price will come back to get liquidity where i marked the 100 % might happen during london possibly new york then around that as soon as price is at a discounted rate it will continue the move up for longs
QML spotted (orange) and the double top i see in the 4 hour is a good indication it will go down, however my target is the BPO waiting to get filled then to go to the upside long term you know)
couple of confluences that i see, First the FIB rejection, and then as well as the good ol fashion double top on the 30 min time frame that i see, and the fact that its an LBS which is ready sooner or later which make a good long term short in my opinion. possible will go down (good intraday trade) do a pullback and continue in the downside.
as of right now im shorting gu, but i believe once it touches around my trendline it might go back up giving me conformation to place a long but im so far so good in my trade
