1) HTF shows that euraud market is clearly in bearish mode
2) on other side, price making resistance that could lead to inducement trap
3) Im plan to put sell position (riding trend) above current resistance (Inducement trap)
4) waiting for rejection candle on the zone for conformation downtrend
2) on other side, price making resistance that could lead to inducement trap
3) Im plan to put sell position (riding trend) above current resistance (Inducement trap)
4) waiting for rejection candle on the zone for conformation downtrend
Trade closed: stop reached:
1) price create a smaall rejection close
2) entry open
3) price hit sl
2) entry open
3) price hit sl
2) waiting a rejection candle as conformation entry