Price rallied to take out the A high starting a reversal
process on this timeframe. We will wait for a B high to form, which is at least 2 candles away
(8hours), then a retracement back to the 618/786 where we will look for a
bullish cs formation for a long trade setup.
FOR TODAY: Will be going short if:
No short trade setups as we are waiting for a B high to
form. We will stand aside if price falls from current levels.
FOR TODAY: Will be going long if:
We first need the B high to form, then a pullback to the
618/786 fibs for a long trade setup after a bullish cs formation.
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