on the monthly price got rejected three times from the same supply and demand zone, also made a new structure lower low and retraced to the broken zone so i was expecting a bearish move from the price.
on the daily we had a bearish trend and after the price broke the structure i was looking for a retest to it, the momentum was also pretty much strong
on the 4h price gave me a shotting star rejection then i waited for a more confirmation candlestick which it was the engulfing candle that made a new lower low.
on the 1h i had an engulfing candle as my entry.
sl above previous structure
tp on th enext daily s/r zone
on the daily we had a bearish trend and after the price broke the structure i was looking for a retest to it, the momentum was also pretty much strong
on the 4h price gave me a shotting star rejection then i waited for a more confirmation candlestick which it was the engulfing candle that made a new lower low.
on the 1h i had an engulfing candle as my entry.
sl above previous structure
tp on th enext daily s/r zone
Trade closed: stop reached