Bears are still in control, I've already taken a trade on London Open for a 1;1.75 RR so no more trading for me.
I personally favouring shorts looking for a deeper pull back near the PDH before waiting for a short trade. But we could also move lower from here too if price plays out and shows its hand for a short trade so adapt and adjust as price unfolds.
I'm on the side lines though and will be monitoring to see how we play out. Back next week. any questions feel free to reach out.
Don't marry your analysis - flow with the markets. Happy Trading Guys!
I personally favouring shorts looking for a deeper pull back near the PDH before waiting for a short trade. But we could also move lower from here too if price plays out and shows its hand for a short trade so adapt and adjust as price unfolds.
I'm on the side lines though and will be monitoring to see how we play out. Back next week. any questions feel free to reach out.
Don't marry your analysis - flow with the markets. Happy Trading Guys!