We can clearly see a downtrend momentum in 1H - 4H. To not go against the trend, short position may be a good idea to catch a huge next move. The structure has been broken for sometime now, and it just takes a pullback after being dumped. So, I would take a short position at the supply zone above and hold it to the demand zone below or imbalance gap which is unmitigated.
Last time, I got stopped out from a trade due to a false breakout and liquidity, so I'm going to try again on this pairs.
My trading plan could be wrong and inaccurate. Please remind that this is personal idea sharing thoughts on market structure analysis.
Last time, I got stopped out from a trade due to a false breakout and liquidity, so I'm going to try again on this pairs.
My trading plan could be wrong and inaccurate. Please remind that this is personal idea sharing thoughts on market structure analysis.