The history repeats, keep it simple

2019-12-01 19:20:01

The last candles on the H4 chart failed to develop a RRT (Rail Road Track) so i look forward to the upcoming move in the chart. The history repeats itself, so therefore we should see another push up before we fall down. Look at the pink circles: We had a push up, then down and then another push up to test again.

Before going short, wait for the push up and how the price action works out. There is still some risk that the price could move higher, so wait for a clear rejection (on lower timeframes H1, M15).