Yesterday's tumble saw a break of a level I've been watching for a while.
How price behaves at the "previous low" will help me determine what the next macro move will be.
Short term I'm still short, if price is going higher it needs to print a higher low. I'm looking for any indication of a bounce but timing will be key.
Usually I would look at structure alone but there is a lot of noise in the way of wicks.
There are only a few days left in the month, no need to chase anything rn.
Catching the next leg up will require patience.
I still have a my 50% open position with the stp at BE.
How price behaves at the "previous low" will help me determine what the next macro move will be.
Short term I'm still short, if price is going higher it needs to print a higher low. I'm looking for any indication of a bounce but timing will be key.
Usually I would look at structure alone but there is a lot of noise in the way of wicks.
There are only a few days left in the month, no need to chase anything rn.
Catching the next leg up will require patience.
I still have a my 50% open position with the stp at BE.
