Price has tested the resistance level on the hourly chart.
I dropped down a timeframe looking to see if I had a valid entry reason.
If we get a 2Xtop at the zone I have Identified. Thus, giving me a valid entry reason per my plan. I would look to get short next bar market.
This trade set up would give me @ least a 4:1 Reward to Risk profile.
If you like this setup follow me on Twitter @Rozela99
Yes I am a 12 Week Transformation Student of Trade Empowered! Yes! You should be 2!
I dropped down a timeframe looking to see if I had a valid entry reason.
If we get a 2Xtop at the zone I have Identified. Thus, giving me a valid entry reason per my plan. I would look to get short next bar market.
This trade set up would give me @ least a 4:1 Reward to Risk profile.
If you like this setup follow me on Twitter @Rozela99
Yes I am a 12 Week Transformation Student of Trade Empowered! Yes! You should be 2!
Comment:
Trade became invalid with the higher high higher close. Never triggered.