Today I'm going over a structure based opportunity, I did use the daily to help narrow down this area so if you want to see more about it, check out the link where i go over it
Once we have the direction of the market figured out, then we go into our trading timeframe and narrow down the level of reversal. In this case we have two, one less aggresive than the other. I would wait for a reversal technique based on formations in these levels before shorting. Some of those techniques can include an candle, , railroad tracks, candle etc..
Like always if you have any questions, comment below, follow us on social media !
Daniel Garnier - Founder of The Alcove Fx
Follow us on Instagram: @thealcovefx
Follow us on Periscope: @thealcovefx
Follow us on Youtube: https://www.youtube.com/channel/UCmcUTRjA4YqOQdu_MAY1afg