Looking to get into a Short position intra day under following conditions only.
1: Break of the current 4hr trendline
2: Break of the recent low
3: Break of the 50 EMA
4: Await a re test of the break of the EMA and previous support, showing bearish PA on the 1 hr timeframe
5: Bearish confirmation of candle such as bearish engulfing, pin bar etc.
These as confluence under my trading plan would create a valid trade.
SL is place above the recent swing high to give the trade to breath and look for liquidity if required before the move.
Risk management is key.
Good luck to all
1: Break of the current 4hr trendline
2: Break of the recent low
3: Break of the 50 EMA
4: Await a re test of the break of the EMA and previous support, showing bearish PA on the 1 hr timeframe
5: Bearish confirmation of candle such as bearish engulfing, pin bar etc.
These as confluence under my trading plan would create a valid trade.
SL is place above the recent swing high to give the trade to breath and look for liquidity if required before the move.
Risk management is key.
Good luck to all
Order cancelled:
Cancelled this trade due to a lack of bearish pressure post break