Price has completed both Weekly and Daily ERL, so now I am expecting a pullback/rebalance towards IRL.
The IRL zone I am watching is around 63,200–63,400, which is also a Daily FVG. After marking the 4H swing high and low, this Daily FVG is placed above equilibrium, meaning price is in the premium zone — which makes it a better area to look for shorts.
My plan is to wait for price to tap the 63,200–63,400 Daily FVG and then look for bearish confirmation on the lower timeframe before entering short.
Bearish idea invalidation:
If price breaks and sustains above 65,500, then this short idea is invalidated.