Entered short from weekly block, targeting next block. 5+ RR.
50% of Monthly block + trendline break & retracement, target 4750 stops. Risk/Reward ratio 10.
Looking at bigger timeframes, its now broken a massive h&s pattern and retraced back before heading lower, also broken the last low and retraced to reject further
- Lows to get taken - Reversal to W1 Supply -6+ RR.
Lows on the D1 have been swept and now looks good to target 50% of the daily breaker which took the highs, which will also fills the gap.
Break and retest of trendline, thanks to weekend gap. Rejected the 200 ema and 4h breaker/block
Waiting for a pullback to the broken support level and then expecting to see price fall again to demand at around 106.