Head and shoulders formed. Strong down continuation , bears are in charge. Following the demand which indicates a clear sell. Always expect a retest after a break so if you missed an entry wait for retest then enter.
Comment
⋅
awaiting 4H close for entry confirmation.
Comment
⋅
First TP hit
Trade closed: stop reached
⋅
R:R was good after hitting first TP my SL was moved to Break-even even though we didn't see the profits expected we did manage to make a profit.
If you go on the daily you would see the channel for long.
I did it on the 4h seeing that its more clear on the movement on smaller tf.
Will post the daily later