As we can see we do have a bearish market structure and for us to get in we need to wait for the price to create a new LH to short the market. But if we scale in lower timeframe the market could reject the support level and retest the previous high. Or the market could break below the support level then we are short after a retest.
As we can see we do have a
bearish market structure and for us to get in we need to wait for the price to create a new LH to short the market. But if we scale in lower timeframe the market could reject the
support level and retest the previous high. Or the market could break below the
support level then we are short after a retest.