1) HTF shows a bearish market mode that could lead to end of trend
2) looking for short this market with inducement (1.2426) to happen first as conformation
3) selling above the inducement level with 10 pips sl or waiting a rejection candle as 2nd conformation for price to go down
2) looking for short this market with inducement (1.2426) to happen first as conformation
3) selling above the inducement level with 10 pips sl or waiting a rejection candle as 2nd conformation for price to go down
Trade active:
1) price failed to close above zone
2) sell position set with sl above rejection candle
2) sell position set with sl above rejection candle
Trade closed: stop reached:
1) price hit break even sl
2) waiting for rejection candle form in the zone for entry