I have been continuing to short by looking at the daily chart from the range I determined on the monthly chart for a while, and I am keeping an eye on the target RL.
Since the price entered the range, the bearish flow has been It is progressing in the form of a break + pullback. You can clearly see this structure from a lower time frame. The important thing here is to determine bias in HTF and build scalp positions in LTF.
The confirmations that clarify my short bias came after seeing the 4h SFP structure at the top (, followed by price closures within the monthly range.
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#EURUSD | M-D-4h
I have been continuing to short by looking at the daily chart from the range I determined on the monthly chart for a while, and I am keeping an eye on the target RL.
Since the price entered the range, the bearish flow has been
It is progressing in the form of a break + pullback. You can clearly see this structure from a lower time frame. The important thing here is to determine bias in HTF and build scalp positions in LTF.
The confirmations that clarify my short bias came after seeing the 4h SFP structure at the top (, followed by price closures within the monthly range.