The idea behing this trade is as it is written on the picture: Price is showing us early signs that it might wants to do a pullback into premium area of the market. If that happens we are positioned great, however it is still early days.
I will be waiting for the price to come all the way up into the sell zone. If correction into the sell zone will be corrective on the approach, sells will become valid. Overall looks like a great setup.
Rigth now, GU made a big pullback into premium market and into POI, the reason for that was HTF unmitigated wick with big reaction followed after. Hovewer until price don't break our IVP there is no reason to look for longs as that would be against the structure, that's why I will be only looking at what price is doing into that pink box and adapt to the market....