1) There is a Break Of Structure happened in 4H chart.
2) The last up candle before the impulsive down move I call it Market Maker Candle. This is how the MM manipulate the market and setting a trap for us as retail trader.
3) MM use equal low and high as target for stop hurt grab liquidity.
4) My target is ust following MM's target to the monthly chart MMC near below
5) I only look for RR is greater than 1 to 3 at least.
Comments
1) There is a Break Of Structure happened in 4H chart.
2) The last up candle before the impulsive down move I call it Market Maker Candle. This is how the MM manipulate the market and setting a trap for us as retail trader.
3) MM use equal low and high as target for stop hurt grab liquidity.
4) My target is ust following MM's target to the monthly chart MMC near below
5) I only look for RR is greater than 1 to 3 at least.
Hope this can help!