Watching LINK/USD play out on the 4H coming off very strong daily resistance level.
I don't want to short into the sanggy boxed zone.
A better set up, imo of course, is to see a break of the recent up-trend into the daily resistance and then to short a retest of the 4.80 level.
Giving a much better R:R into the lower boxed area.
Will update if this plays out and I take the trade.
I don't want to short into the sanggy boxed zone.
A better set up, imo of course, is to see a break of the recent up-trend into the daily resistance and then to short a retest of the 4.80 level.
Giving a much better R:R into the lower boxed area.
Will update if this plays out and I take the trade.
My personal bias, gut feeling if you will, is that a downside move is coming, it's just a case waiting for the right set up offering the best R:R to unfold.
If it happens to dump hard and i miss....there will always be another trade.