Stay a while and listen.
The daily chart has room left to fall a bit further down, and the 4H chart is all bearish. In addition to this, a head and shoulder pattern has formed. He is rather handsome. I have boxed in the current stagnation, and I want to see a break and a re-test before entering.
This cant possibly fail twice o_O
Another bearish trade, maybe im depressed. I like this one because the daily agrees with the 4H, which can give high volatility movements. Therefore, an agressive entry can be worth it.
The trend has had some days to take a breath. First I want to see if it is a turningpoint. I usually do this by "wait and see" using a trigger. Often this trigger is a break of floor/roof as well as a break of fractal. Regadring stoploss, I use between 1 and 1.5 atr. But I dont think this is an optimal way to do it. Often wrong, never in doubt.
Something brewing... I will wait for a break and "last kiss" of the area around the floor, then enter short. (If a break of floor happens, otherwise I will leave this one be) This is is a hunting-ground for the big banks, so be careful entering too soon. Cloud bearish , Ma's bearish , fractal break and area of high interest.
Current state: Bearish cloud Steep ma-lines bounce of support / fractal Will go short if: Break of support / fractal Steep Ma-lines Risk: 1.5 ATR