GU giving us another pretty simple view on price here, bearish across the board which is telling us 2 things, a new low is likely to be created soon or we will pullback before we put in this new low!
so it gives us 2 ideas of what we want to see, firstly we sell off from the BOS on the hourly timeframe and we put in a new low before we have any kind of bullish PA overall that would mean dropping off from where we closed on Friday. the second option for us is price to pullback and give a higher zone for entry into the new low, this would of course be the nest pace to sell from but i am not banking on it happening.
Main view is put in a new low and follow the higher timeframe bearish PA!
Trade safe and follow your rules!
so it gives us 2 ideas of what we want to see, firstly we sell off from the BOS on the hourly timeframe and we put in a new low before we have any kind of bullish PA overall that would mean dropping off from where we closed on Friday. the second option for us is price to pullback and give a higher zone for entry into the new low, this would of course be the nest pace to sell from but i am not banking on it happening.
Main view is put in a new low and follow the higher timeframe bearish PA!
Trade safe and follow your rules!
