Consolidation to Short
This consolidation is taking a lot longer than expected, looking towards AUD Market open for the next possible move.
Waiting for a set up to go short, or maybe a reversal, but from the way things look at the moment, continuation to short position is most likely scenario.
Stochastics in overbought condition on 30 minutes with slight down trend, but still hasn't broken for a short just yet. No signs of a convergence to the upside in sight just yet.
Sitting on the sidelines until the pattern is clear.
Happy Hunting.
Waiting for a set up to go short, or maybe a reversal, but from the way things look at the moment, continuation to short position is most likely scenario.
Stochastics in overbought condition on 30 minutes with slight down trend, but still hasn't broken for a short just yet. No signs of a convergence to the upside in sight just yet.
Sitting on the sidelines until the pattern is clear.
Happy Hunting.
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