Another 15min MAB just passed, that I really should have gone for!
The set up looked good, there was great confluence with the D1 EQZ, H1 Bull and Bear Channels, 15min ema and the 5min ema coming down from above to add to the resistance.
I had the trade tool set up and ready to go, but chickened out when looking at the M5 timeframe, where a larger set up with Point A at the open was a possibility, however it did not have the confluence within the GZ like this set up had.
I went against my gut and let this one pass by!
Did not take these trades, as they were close to the higher timeframe Key Structure, and I wasn’t sure how price was going to interact with it.
The set ups were both clear and would otherwise been good trades.
I was wrong about the SUPCON at the D1 EQZ I mentioned yesterday, price bust through those levels with relative ease! There’s now support at the H1 EQZ midline which is where the best fit 61.8 Fib level lies. There was the possibility for a trade, but I just wasnt sure so left it alone.
Will price turn around now, or continue its descent? The 11000 level looks like a good target, and there’s some good Role Reversal to support it! Until price tells me otherwise and starts to break through resistance levels, I think I’m going to be in a bearish mindset today, looking for sells.