hello my friends.well in this setup we have CHOCH in daily and a bearish candle closed under the last low in 4hr,so we have CHOCH in 4 too.
now we wait for reason in smaller time frame to open short position.
just a point,i see this demand area(around 1.31300) and maybe we have reaction on it,but i think the power of high time frame for short is more. good luck.
“”your follows and boosts encourage me to publish more analysis””
now we wait for reason in smaller time frame to open short position.
just a point,i see this demand area(around 1.31300) and maybe we have reaction on it,but i think the power of high time frame for short is more. good luck.
“”your follows and boosts encourage me to publish more analysis””
Note
check the chart in dailyNote
well i think bearish senario is still working in higher timeframe.we can update our stoploss a little higher.but don’t do this in your trades again,coz your risk managments should be stable.but in this case my r:r was good so i do it.
Note
is falling start?
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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.