IDENTIFY: Price is in the sellers territory and maintaining the downward trend
PLAN: So looking at going short, because of the daily bias. Another thing I am looking out for is the break of the support and probable retest.
TRADE: Place Sell Stop/Sell Limit order, anticipating a continuation to the downside after the pull back.
NB: Use risk management to determine the Stop Loss and Take Profit
PLAN: So looking at going short, because of the daily bias. Another thing I am looking out for is the break of the support and probable retest.
TRADE: Place Sell Stop/Sell Limit order, anticipating a continuation to the downside after the pull back.
NB: Use risk management to determine the Stop Loss and Take Profit