Rook 1H Short
Updated
Setup: Rook is respecting the 50 EMA. So the plan is to wait for price to bounce off the 50 EMA and have a price rejection candle, that is when we go short. We also wait for MACD to cross down. When these 2 conditions occur, this is when we enter the trade.
Entry: Price rejection candle off the 50 EMA and MACD crosses down
SL: 1 ATR above 50 EMA
TP: 114.3( Daily support)
Entry: Price rejection candle off the 50 EMA and MACD crosses down
SL: 1 ATR above 50 EMA
TP: 114.3( Daily support)
Note
entered trade at 140.7Note
Closed my position as market appears to be going to range
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