ForexPharmacy

Down trend banker candle trade setup.

Short
CURRENCYCOM:US30   Dow Jones Industrial Average Index
What I like to see is a change in character from a downtrend into a consolidation. Consolidation is building liquidity on the top and the bottom, bankers candle breaks takes the liquidity on the top side and then strong reversal taking the liquidity from the bottom side and also breaking structure. Once the break of structure has started to reverse back up to mitigate the bankers candle I would set an alert for my point of interest once the point of interest and alerts have been triggered and then reduced down to a lower timeframe looking for entries also take into consideration currency strength indicator.
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