ETHUSD 4H WILLIAMS %R MOMENTUM STRATEGY SHORT

Step #1: Define the Trend. An Downtrend is defined by a Series of LH Followed by 
a Series of LL. 
The definition of an downtrend is pretty much standard. In an downtrend, we look for a series of
lower highs followed by a series of lower lows. Two LH followed by at least another two LL is
enough to define an downtrend.
A lower high is simply a swing high point that is lower than the previous swing low. While a
lower low is simply a swing low that is lower than the previous swing low.
We all know that the trend is our friend, but without momentum behind the trend, we might
actually not have any trend.
In order to gauge momentum besides reading the best forex momentum indicator we also look
at the actual price action.
Step #2: In an Downtrend Look for Bold Candlesticks that Close Near the Lower 
End of the Candlestick  
A common concept in technical analysis is that you want to use multiple confirmation signs
when buying and selling. This will increase the likelihood that’s a high probability trading setup.
In this regard, the momentum trading strategy besides using the best Forex momentum
indicator also incorporates the price action.
A practical way to read momentum from a price chart is to simply look at the candlestick length.
What we want to see in an downtrend is big, bold bearish candlesticks that close near the lower
end of the candlestick.
Step #3: Wait for the best Forex Momentum Indicator to get overbought (above
-20) and then rallies below the -50 level before Selling.   
We’re going to use Williams %R, the best forex momentum indicator in a smart way. In an
downtrend, we sell after the best forex momentum indicator has reached overbought conditions
(above -20) and then rallied back below the -50 level.
Now, we have confirmation from both the price and the best forex momentum indicator that real
momentum is behind this trend and the probabilities are in favor of more downside prices from
here on.
Note* If the best forex momentum indicator continually stays in oversold territory (above 
-80 level) it signals a strong momentum and conversely a strong trend. Inversely the same is 
true in a uptrend. 
Step #4: Place Your Protective Stop Loss above the Recent Higher High
We want to hide our protective stop loss above the most recent higher high level that formed
right before the best momentum trading strategy issue the sell signal.
Alternatively, you can also trail your stop loss above each most recent higher high. This strategy
will allow you to lock-in the potential profits in case of a sudden market reversal.
Step #5: Your choice how to Take Profit or Tke Profit once we break below the Previous Lower Low 
A trend in motion can stay in that state longer than anyone can anticipate and since we want to
maximize our potential profits we let the market tips it hands before liquidating our trades. In
this regard, we look for a break in the trend structure respectively a break above the most recent
lower low.
Alternatively, you can take profit once the best forex momentum indicator breaks above the -50
level.
Note** The above was an example of a BUY trade using the Best Momentum Trading Strategy. 
Use the same rules for a SELL trade. In the figure below you can see an actual SELL trade 
example.