The reason for taking this trade is 1. All Timeframes are bearish. 2. Market has repeatedly respected the Daily AOI. 3. There was a 2hour and 4hour bearish engulfing candlestick around the daily AOI. 4. We waited for a 15min engulfing candlestick to enter. Its advisable to go with the trend.
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.