oh man this looks good. will be following my normal plan. break and retest.
1.i need a 4hr close below this zone.
2.wait for retrace into zone.
3.wait for confirm candle.
4.execute sells if you get a bearish candle or something like a doji which will show you indecision in the market.
Remember, this current 4hr candle will pullback as it gets nearer to close it will leave a lower wick. then the next candle will pull back up to form an upper wick.
1.i need a 4hr close below this zone.
2.wait for retrace into zone.
3.wait for confirm candle.
4.execute sells if you get a bearish candle or something like a doji which will show you indecision in the market.
Remember, this current 4hr candle will pullback as it gets nearer to close it will leave a lower wick. then the next candle will pull back up to form an upper wick.
Trade closed: stop reached
No trades were taken on this as price did not give me a confirmation candle. price went straight through that zone. this is exactly why it is so important to wait for candle closes.Note
Not added to spreadsheet
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Disclaimer
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.