EUR/USD 1H - As we can see from the above screenshot price is approaching a potential sell zone that I have highlighted our for you all. We could look to sell from this zone assuming we are delivered with the right confirmation to do so.
What we want to see is for price to trail up into said zone and deliver us with good signs of rejection, this will be our first reasoning that enough Supply has been introduced. Then we will look down on timeframes for some kind of BOS.
Once we have been delivered with a BOS to the downside, that deems enough confluence for me to actively look for places to enter in on sells as it confirms that the current trend has finished and the next one is underway.
What we want to see is for price to trail up into said zone and deliver us with good signs of rejection, this will be our first reasoning that enough Supply has been introduced. Then we will look down on timeframes for some kind of BOS.
Once we have been delivered with a BOS to the downside, that deems enough confluence for me to actively look for places to enter in on sells as it confirms that the current trend has finished and the next one is underway.