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
Note
1) price has reach in the zone 2) waiting for rejection candle form in the zone for entry
Trade active
1) price failed to close above zone2) sell position set with sl above rejection candle
Trade closed: stop reached
1) price hit break even sl
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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.