Daily Below our 50 EMA - Solid candle with downwards movement.
4 HOUR - Room to get PA back to the S1 level before the entry is initiated, returning PA to value.
1 HOUR - Tucking our stop away behind structure to protect it from being tagged. Good point for the run downwards. Would confirm the 4 hour and the Daily
TIMEFRAME MANAGEMENT - Crucial fro the entry. As outlined in the TECHNICAL ANALYSIS WORKBOOK.
I would be look for:- 1) Run Pull back to entry - MARKET PHASE 2) Deceleration at our entry zone. Candlestick patterns - Ideally, High test or tweezers. 3) Confirmation on the 1hour with a touch of the 50 EMA.
Green light short
Good R:R - Just want we want.
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ðĪŠ I swear this site deliberately messes up our writing.