Indications that suggest a move to the downside within the next few days: - A completed liquidity run above last week's high, with subsequent bearish institutional candles - Completed W formations that have reached reversal zones of fib confluences - A liquidity void to the downside that needs to be covered - Gann based time/price projection
TP hit! nice and smooth - I hope you followed along ;-)
TheSignalyst
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Yess very possible. Also looking for sell setups on EURJPY. I like your reward ratio. What is your trigger?
George.Tsili
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@TheSignalyst, yop, already took profit on 125.932 :-) My trigger is some indication of rejection around the 50% retracement of the bearish (in this case) institutional candles that reversed the market. And ideally I try to combine it with a 'mini divergence' of a stochastic in the higher timeframe (in this case 4h)