Hello traders, I'm presenting you with a trading idea today by using the rules of engagement (IF - THEN) syntax.
We have a double top on the 1 hour chart with bearish divergence,
now we're waiting for the following conditions to be met.
1) IF close below neckline
2) THEN wait for a 618% Retracement
3) IF Market hits 618%
4) THEN sell to 127% confluence with previous structure
NOTE: This is a trading idea, suggestion, that you may add to your trading radar.
Always remember to plan your trade and trade your plan.
Star Prosper
Philip Stewart
We have a double top on the 1 hour chart with bearish divergence,
now we're waiting for the following conditions to be met.
1) IF close below neckline
2) THEN wait for a 618% Retracement
3) IF Market hits 618%
4) THEN sell to 127% confluence with previous structure
NOTE: This is a trading idea, suggestion, that you may add to your trading radar.
Always remember to plan your trade and trade your plan.
Star Prosper
Philip Stewart