I'm showing 2 scenarios that could happen:
- H1 the price can retrace for lower low and directly go on a sell from there
- or go back and retest the daily trendline and then sell on H4.
The indication is to look for a lower low on both cases, only enter when there's an indication for a sell candle
- H1 the price can retrace for lower low and directly go on a sell from there
- or go back and retest the daily trendline and then sell on H4.
The indication is to look for a lower low on both cases, only enter when there's an indication for a sell candle
Trade closed manually:
H1:
there was an entry for 1:3 ratio profit
H4:
There was not an indication of no entry on a lower low
there was an entry for 1:3 ratio profit
H4:
There was not an indication of no entry on a lower low