Setup: Price is in very strong uptrend, but I can see a HNS forming maybe price is running out of steam and going to retrace to "refill" some gas. Haha. Overall trend is still strong bullish. This is a counter trend setup.
Confluence: BRN Price Action Structure Supply zone Structure Breakout
Entry Confirmation: Wait for CRS then sell
Entry: Sell limit@ 1.2960, SL @ 1.3030 (70 pips), TP @ 1.2700 (260 pips) I use sell limit because I don't have entry confirmation yet, if strong bullish move triggers my entry, then I might cut loss.
I just feel it is a dead cat bounce to 1.29+ levels..I see 1.284 tested in 24 hours...hope of the best..connect in telegram @dxbman if you use T.Thanks