Firstly, I discovered a 2HR Supply after the large fail impulse up out of the range followed by a strong reversal. Afterwards, I have identified in which current structure I am at, which is inside a range near the area of 2HR Supply. As it touched the 2HR supply I was hoping to spot a bearish structure forming through BOS showing bearish momentum in the 5 MIN TF. I found the first break of structure and entered using the 5 MIN POI. I restricted my profits to 3.75 RR since we were on an uptrend and I was taking for a short position (counter-trend). As of now, (12:50 Am 10/18/2021) price proceeded to go below almost touch a 3HR POI.
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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.