After the strong breakdown last month, I have been waiting for an opportunity to get in on the bearish momentum. These are 2 scenarios that I believe have a high probability of playing out.
As I've said before, just because I have a strong bearish bias it doesn't necessarily mean I'm going to go put on a position straight away. What I need to see at either of these areas is a nice rejection on the daily/weekly timeframes and a intra-day trend change. In doing this, it gives me a higher probability that my position will work out.
As I've said before, just because I have a strong bearish bias it doesn't necessarily mean I'm going to go put on a position straight away. What I need to see at either of these areas is a nice rejection on the daily/weekly timeframes and a intra-day trend change. In doing this, it gives me a higher probability that my position will work out.