1D chart: *Sellers trend with breach of structure *New low formed (characteristic of seller trend)
4H Chart: *Sellers breach the low making a new low *Re-test into recent significant structure at 129.300-129.400 *Strong V-formation on 4H chart by the seller (showing their interest)
1H chart: *Final re-test was weaker than the 100% v-formation on 4H *Lower Low Lower Close candle with strength *Good risk to reward
Entry: 129.300/129.400 Take Profit: 127 handle Risk Rule: *1/4 risk reward ratio setup *Never risk more than 2% of trading capital per trade
Take profit was hit trade was a success. Make sure to always do your analysis on setups and have a formulated trading plan on every single trade. Good habits lead to good trades.