The market has opened and rallied. Not with great strength. In fact it's quite slow. But it rallies with a clear bullish bias.
It's clear of all S/R levels, above the prior day's high resistance (now support) and well short of the next higher timeframe resistance level.
Trade opportunity in such a case is ideally sought in the bullish direction.
YTC Price Action Trader readers – the first and second principles apply here and we're looking ideally for PB/CPB opportunity, with the trend.
However, there are times when I'll also look to take counter-trend opportunity, within this market environment.
Not always. But sometimes it's just screaming out to be traded. This is one of those times.
And not with any intention of catching a reversal. Just a scalp from the edges back to the mean.
Here's what I was seeing. We'll look at the TTF first, but we'll follow that up with the HTF chart, because it stands out better there and is much easier to see.
Keep watch on the charts for anything unusual. Anything that is different.
It may just provide trade opportunity.