Possible setup here for ES Shorts. 5M Bearish Order Block formed right at the NWOG as we had displacement to the downside after news. Looking to sell here into the 1H Order Block below us. Will keep updating this post as we trade into the area!
Price is already shooting lower. I have not yet entered. I am being patient for my intended entry point. I also adjusted my risk. If we return to this area I expect just a tap into the NWOG. Stop, Entry and Take Profit are price labeled on the right scale.
Trade closed: target reached
We unfortunately didn't get the big setup since price did not come back to our zone but the target was achieved. We took some scalps on the way back up after the target was hit. We will see what tomorrow brings.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.