I am looking for a test of the close support thats seen in the previous days session, Trade will trigger if the next candle breaks under the previous candle. Looking at the 5 minute there is tremendous bearish divergence. Stop at the highs.
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Before Triggering, I need it to break under the current 30 m candle.
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Matter of fact, if this 30 m candle closes in range, I will look to short the possible confirmation on the next 30m. Probably the same trigger point. If not, I will not execute any trade, and will rather look for another entry.
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Dead trade. This is the reason to be patient. If I would of triggered on the candle that closed in range I would definitely be down substantially. There is something to be learned here for sure.