Risky sells on the break of the low of the previous 4H bearish candle. Considering there isnt a bottom wick formed yet on the daily. Yesterday price had good momentum pushing down past the psychological level (1800). The daily looks bearish, however there is still bullish market structure. This is very risky sells idea and im trading with a 75% position size. Entry based on the 4H candle low (1798.3) and SL is places above the minor pullback (minor support created on the lower TF). TP is placed at the next support. I am expecting price to have clean price action after the break of the previous daily candle with volume to fill the next range
Order cancelled:
Prica came down after 1H consolidation, however price did not break previous low. Thus trade now invalid for entry and i have deleted my pending order