We are in a higher time frame sell Zone. If Price breaks and closes below the .786 line in the sand I will enter into a short.
Entry: A break and close below .786 line.
Stoploss: Above the bar before the breakout bar.
Take profit: 3 :1 Reward to Risk.
The following chart has came up and met my entry rules. Price hits BB, prints a reversal pattern, and the STOC is over bought. Wait for price to break below the entry candle before you enter the trade. If it hits the SL before entry the trade is no longer valid.
Take Profit
1:1 when this is hit move the take profit to break even