Following the Bullish
move last week, we are seeing signs that the market is potentially running out of steam. The ascending channel
that is forming with RSI
divergence coupled with the high test candle which could be an FTB signal entry shows all the signs that there is a good probability we will see buyers turn to fear driven sellers during the European and NY session overlap.
The only thing that I would have liked is structure but as this is a potential FTB entry signal, I can enter aggressive on the close of this candle as long as its still valid.
You can learn the FTB strategy by going to the link in my bio.
See you there!