Quick update, we are looking at two scenarios:
We tested the structure on a daily and are currently looking for optimal entries as the 4H context is bullish as well.
HOWEVER, weel and monthly timeframe are showing us exhaustion and indecision. So, I would like to see at least 1 monthly candle retrace to the 38% minimum to express a solid healthy retracement.
Markets don't care what we want. Although my experience says it's overbought, the market can breakout, test as support, and fly. So use proper risk and execute at your own risk!
We tested the structure on a daily and are currently looking for optimal entries as the 4H context is bullish as well.
HOWEVER, weel and monthly timeframe are showing us exhaustion and indecision. So, I would like to see at least 1 monthly candle retrace to the 38% minimum to express a solid healthy retracement.
Markets don't care what we want. Although my experience says it's overbought, the market can breakout, test as support, and fly. So use proper risk and execute at your own risk!
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