Macro outlook still bleak for me. I am expecting to see 3200 before we see 4200 again. Taking out the liquidity below 3300 feels like the most logical move to me.
I would not feel comfortable longing here with leverage for more than a scalp.
Shorts favor the bears.
Zooming into smaller TFs and keeping my macro bias in mind, I am starting to begin scaling into a short.
Below 1D S/R and now back below my range high. Expecting some chop for a while so keeping risk small (5%) and watching with alerts set.
I would not feel comfortable longing here with leverage for more than a scalp.
Shorts favor the bears.
Zooming into smaller TFs and keeping my macro bias in mind, I am starting to begin scaling into a short.
Below 1D S/R and now back below my range high. Expecting some chop for a while so keeping risk small (5%) and watching with alerts set.