I want to see price move higher, run stops on intermediate high (X) inside the blue box.
What I look for at the blue box area for me to get short:
1. Switch to Lower time frame: 15/5min 2. Price action: Identify impulsive move and corrective price, key area where institutional players are buying or selling 3. Breakdown Market structure: Trapped traders- stop runs ( when you buy or sell where is the most obvious place you would place your stops) 4. Session time: London open, NY open & London close