Location Assessment
- Price has reached the H4 seller’s area for the first time and the overall daily flow (purple line in picture) is downwards
- This makes us interested for sells
Flow Assessment
- The overall daily flow is downwards and importantly, the move back up to the H4 sellers area is coming in multiple pushes, indicating that this is not a fresh trend swing
- Hence, we maintain our overall sell bias
Momentum Assessment
- We wait for signs of sellers showing interest at the H4 seller area via evidence of lower highs (LHs)
- To be able to have smaller SL and better risk-reward, we wait for more confirmation via 2LHs first, then enter the trade with SL above the last LH
- For targets, we simply look at the equal low marked by the weekly support (in yellow)
