1. 200 sma tested and pulled back (sellers power). 2. Could not break trend line (resistance). 3. Red candle with full body. Be patient. Wait until perfect setup comes to you. Keep it simple.
Price action + candlestick pattern Buyers didn't supported properly at the support zone and SMA 200. Ema 100 tested two times and sellers pushed price down with good pressure. It means sellers have more power at the momentum and probably price will continue to drop
Sell stop order. 1. Broken trend line. 2. At 1h ad 2h EMA 200 indicator plays as resistance. 3. Resistance zone. 4. Candlestick pattern.
3 confirmations for sell. 1. Trend line 2. Support. 3. Candlestick pattern Keep it stupid simple!
Stop moved to breakeven (free risk). Move your stop to breakeven when market gives you at least 1:1 risk reward ratio.
4 confirmations for sell. 1. Old daily timeframe downtrend line touched 3rd time. 2. 4 hours timeframe channel support line touched 3rd time. 3. Strong resistance area. 4. 4h red candle closed with full body. Good indicator for short. Potential risk/reward ratio is 2.5. Most important rules in trading: 1. Do not risk more than 1% per trade. 2. Take high...